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  • Credit cycle risk; James Schiro dies; US washout; London Ibericos; Allied Canada energy move; New Catlin London boss; ACR chair revolves; Ergo scales Greek heights; Reinsurer gloom; Hathaway's $200,000 shares; JLT Towers west coast hire; L&G quits ABI; Admiral commands less premium; Talanx Q2 weaker; Airmic compliance 100
  • Catco chairman Nigel Barton said the firm's London-listed Catco Reinsurance Opportunities Fund was on track to outperform its 12-15 percent target return for 2014 after its net asset value gained 4.27 percent in the first half.
  • Private equity-owned insurer Ironshore has concluded a 20 percent sale to Chinese conglomerate Fosun after a lukewarm response from institutional investors to its proposed IPO.
  • What was that noise? You may not have heard anything, but it might just have been the sound of the IPO window being shut again.
  • A mechanical failure and fire at a UK biomass plant in February is set to cost the insurance market $230mn, up from the initial estimate of $12mn, sister publication Inside FAC has revealed.
  • Private equity firm Aquiline is in advanced talks to acquire a majority stake in Canada-headquartered (re)insurance intermediary Beach & Associates, The Insurance Insider can reveal.
  • Amlin posted a 7 percent increase in H1 net written premiums after significantly decreasing reinsurance spend by retaining programmes, cancelling its special purpose syndicate (SPS) and taking advantage of more favourable retro markets.
  • Privately held insurer Ironshore has reached an agreement to sell a 20 percent stake in itself to Chinese conglomerate Fosun, ostensibly putting paid to its IPO plans.
  • Insurers should review their corporate bond allocations now ahead of a predicted turn in the credit cycle, according to industry consultancy Towers Watson.
  • Torrential rains led to flash flooding across several regions in the US this week, potentially leading to millions of dollars in claims