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  • Swiss-based specialty property and engineering insurer Infrassure is in the advanced stages of a sales process that could see the privately owned firm lose its independence before the end of the year, The Insurance Insider can reveal.
  • A shadow has once again been cast over the future of Sunshine State Insurance Company (SSIC) after United Insurance Holdings (UIH) pulled out of a deal to buy the Florida homeowners' insurer from reinsurance broker US Re last week.
  • The rapidly evolving reinsurance market means that further Bermuda consolidation is inevitable, with potential buyers in a stronger position than sellers, according to Nomura analyst Cliff Gallant.
  • Leading cat underwriter RenaissanceRe has stopped actively pursuing the placement of its major $275mn Floridian retrocession deal, The Insurance Insider understands.
  • Hamilton Insurance Group CEO Brian Duperreault has opted not to pursue a bid for in-play Bermudian carrier Aspen, The Insurance Insider can reveal.
  • Fierce competition has spread to the US property proportional reinsurance market, with incumbent quota share writers facing increased appetite from other traditional players and ceding commissions being pushed up, The Insurance Insider has learned.
  • Shares in AmTrust fell steeply on 2 June after Barron's, the respected magazine for private investors, subjected the US insurer's accounting practices and capital reserves to fresh scrutiny.
  • Endurance CEO John Charman has issued a call to arms to Aspen's shareholders, urging them to force the company's board to come to the table to discuss its second offer to acquire the firm.
  • Lloyd's is in negotiations with property developer TIAA Henderson Real Estate about a move to a new development on Leadenhall Street that has been dubbed Gotham City, according to reports.
  • Lloyd's chief lobbyist Sean McGovern has spoken out against the tide of anti-EU sentiment that swept the recent European parliamentary elections, arguing that the London insurance market would suffer if the UK were to pull out.