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  • In times of plenty the reinsurance market seems like a vast fishing ground whose resources are virtually limitless. Then, imperceptibly at first, the catch peaks.
  • Pine River Capital Management and Allied World Assurance Company are poised to launch their new Bermudian reinsurance venture, Pine River Re, after hiring Dwight Evans and George Reeth to head the start-up, The Insurance Insider understands.
  • As reinsurers prepare to head to Monte Carlo to begin a renewal season that can only provoke a sense of dread, the divergence in soft market strategies that started to appear earlier this year is set to fall into sharper relief.
  • Chubb has appointed Jalil Rehman to head up its European operations, the US insurance giant announced today (9 September)
  • Lloyd's carrier and managing general agency (MGA) Pioneer Underwriting has made the move into writing financial institutions (FI) cover with the hire of Simon Holt.
  • Lloyd's carrier Canopius and parent company SJNK Holdings have combined their Zurich-based reinsurance operations under the Canopius Europe brand, the firms announced today (9 September).
  • A Manhattan court has sentenced a former portfolio manager at the Steve Cohen-led hedge fund SAC Capital to nine years in jail for insider trading.
  • Outsourcing firm Quindell has won a libel ruling against Gotham City Research after the US research firm declined to put up a defence in a UK court.
  • Aon, Willis North America, Ace, AIG, Swiss Re and Lloyd's of London were among a group of more than 400 businesses and trade bodies that signed a letter to US lawmakers urging the swift passage of legislation to renew the Terrorism Risk Insurance Act (Tria).
  • Reinsurer capital levels grew by 6 percent or $30bn in the first half of 2014 to reach a new record of $570bn, Aon Benfield Analytics has estimated