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  • An independent review into accounting problems at RSA's Irish business will this week conclude that the irregularities were isolated, according to a report in The Daily Telegraph
  • Bermudian (re)insurer Arch has announced the launch of a newly formed multi-line reinsurance company Watford Re in partnership with Highbridge Capital Management, confirming a move first reported by The Insurance Insider last July.
  • Argenta Syndicate Management, operator of Syndicate 2121 at Lloyd's, has promoted three of its underwriters and revealed that it is on the lookout for new hires to support its "ambitious" growth plans.
  • US insurer AmTrust Financial Services has completed the acquisition of the Insco Dico Group, a surety bond underwriter for the construction industry, for $89mn, the company said today (3 January)
  • Catco Reinsurance Opportunities Fund, the London-listed ILS and collateralised reinsurance investment vehicle, plans to make a one-off payment of $0.20 per share to its investors after a lack of major claims boosted its finances last year, it said in a statement this morning (3 January).
  • The mid and downstream energy market has experienced $2bn in aggregate losses in 2013, breaching the tipping point for profitability on books of such business, according to London-headquartered wholesale broker Lloyd & Partners
  • Hedge fund-style reinsurers Greenlight Re and Third Point Re both reported strong full-year investment returns for 2013.
  • Reinsurance stocks suffered heavily on the first trading day of the year as investors responded to news on the 1 January renewals with a sell-off.
  • New York-listed carrier AmTrust Financial Services has announced the authorisation of a share buyback programme of up to $150mn.
  • Florida-based broker Brown & Brown has struck a deal to take over claims-adjusting company ICA