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  • Willis Re reshuffled senior management at its Global Specialty business today (10 September), in a move aimed at growing the division under new recruit Graeme Moore
  • Legacy-to-live specialist Enstar Group has completed the takeover of Arden Reinsurance in collaboration with private equity firm Stone Point, it said on Monday (9 September).
  • UK solicitors who bought professional indemnity protection from unrated insurer Berliner Versicherung have been told it may be unable to renew cover just weeks before their policies expire on 1 October.
  • Property cat remains the single most testing tail risk for (re)insurers despite the emergence of new exposures such as cyber liability, according to General Re CEO Tad Montross
  • Lloyd's insurer Ark Underwriting is making rapid progress in overhauling the capital structure of Syndicate 4020 as it awaits final sign-off on the financing of its management buyout, The Insurance Insider understands
  • New York buyout firm Fortress Investment Group has put its majority stake in run-off (re)insurer Alea up for sale, with Enstar and Catalina already looking at a potential acquisition, The Insurance Insider understands
  • Lloyd's outgoing boss Richard Ward wants to take up another executive role within the insurance industry when he leaves the market at the end of the year, he told The Insurance Insider.
  • Risk carriers are dreadful pessimists, with a tendency to look for the cloud attached to every silver lining. Historically, this tendency has been a helpful defence mechanism
  • Aon has presented statistics to Lloyd's CEO Richard Ward that show the broking heavyweight has increased the amount of business it places into the Lloyd's market since agreeing the controversial 7.5 percent "Sidecar" with Berkshire Hathaway, The Insurance Insider can reveal.
  • US commercial insurance prices in rose on average by 6 percent year on year, according to Towers Watson's commercial lines insurance pricing survey released today.