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  • Short sellers Geo Investing has ratcheted up its war of words with AmTrust Financial Services in a new report accusing the insurer of hiding "systemic" under-reserving at its US insurance companies by using complex intra-group reinsurance transactions and improper accounting.
  • Private equity-backed carrier Brit Insurance has hired a trio of senior property underwriters from rival Amlin to establish a new UK property portfolio, The Insurance Insider can exclusively reveal
  • The Lloyd's start-up launched by BMS managing general agency Pioneer Underwriting employs an Incidental Syndicate structure that will see Liberty Syndicates warehouse the fledgling business.
  • The International Group of protection and indemnity (P&I) insurers has released firm order terms to the reinsurance market that will see it pay 50 percent rate rises on the second and third layers of its vast $3bn treaty, The Insurance Insider can reveal
  • Over half of brokers have delayed or cut investment after being hit by skyrocketing contributions to the Financial Services Compensation Scheme (FSCS) aimed at covering costs related to mis-sold payment protection insurance, according to research by BIBA
  • Hyperion Group's expansive international intermediary Howden Insurance Brokers has announced three senior appointments within its aviation division.
  • Catco, the London-listed collateralised reinsurance investment vehicle, announced today (14 January) that its 2011 backers will receive a payout of $0.028 per share after one of its funds settled liabilities associated with the 2011 Japan and New Zealand earthquakes.
  • Oslo-headquartered marine insurer Skuld has announced that its former head of claims, Sandro Vuylsteke, is to take up the new position of global casualty coordinator
  • Broking stocks performed relatively well last week, with (re)insurance brokers typically enjoying a better start to the year than underwriters.
  • Shares in RSA rebounded last week by 6.92 percent, after the troubled UK general insurer said that it was confident that the irregularities in its Irish arm were an isolated problem following an investigation by the accountancy giant PwC.