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  • Validus subsidiary AlphaCat is set to add a new passively managed cat bond-only fund to its suite of products, sister publication Trading Risk understands.
  • Former Hughes-Gibb managing director Chris Williamson has launched Stonehatch Risk Solutions, a London-based independent bloodstock and livestock broker, sister title Inside FAC reported earlier today (13 October).
  • Two mid-sized brokers have revealed their latest figures, with Besso and Minova (formerly BMS) both reporting strong top-line results.
  • There are few genuine P&C (re)insurance growth markets at present, but there is little dispute that one is the $1.5bn+ cyber insurance market - which explains why it is attracting so much attention as well as new capacity and start-ups.
  • Hamilton Insurance Group's decision to purchase admitted and surplus lines shell companies in the US is being interpreted as a shift towards a more patient, ground-up growth strategy.
  • American International Group (AIG) has said that it will offer $1bn of casualty cover per occurrence to Class 1 railroads in the US and Canada as it looks to capitalise on increased demand.
  • The niche space (re)insurance market  looks set to take a loss of $200mn+ following the failure of a satellite in orbit, our sister title Inside FAC revealed last week.
  • The Ariel-led Lloyd's property cat consortium that launched at 1 January 2014 is set to increase its maximum capacity to $100mn and widen its territorial scope to include international business from 2015.
  • Last weekend two significant hurricanes made landfall - Hudhud in India and VongFong in Japan - prompting concern among insurers that have been relatively unscathed by the storm season so far.
  • The regulation of unmanned aerial vehicles (UAVs) must be stepped up before the insurance industry can take advantage of their benefits, according to a group of London market claims executives.