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  • Bermudian reinsurer Maiden has been the top-performing share among the island's risk carriers in 2013 to date, climbing 42 percent.
  • In contrast to the group-wide re-rating seen in Bermuda, the average valuation of the London (re)insurance sector has remained exactly flat since the last Rendez-Vous.
  • The average trading multiple of public Bermudian (re)insurers surpassed book value for the first time since the financial crisis in the lead-up to Monte Carlo.
  • The Insurance Insider's second Honours event saw 700 leading industry executives packed into the spectacular riverside setting of London's Old Billingsgate Market. As the accolades were distributed in a splendid gala evening compered by UK comedian David Mitchell, The Insider team were on hand to keep tabs on the medals haul...
  • London-listed Catco has picked up almost a 20 percent share of the estimated $9bn indemnity retrocession market since it began underwriting at the start of 2011, but its chief product is dividing opinion amongst retro buyers and writers at the Monte Carlo Rendez-Vous.
  • Potential buyers have a strong preference for strategic bolt-on deals rather than transformational transactions, which could trigger an uptick in M&A activity, Guy Carpenter said in its Monte Carlo mid-year review.
  • The underwriting result of (re)insurers in the first half of 2013 improved year-on-year after benefitting from a combination of a benign loss environment and increased reserve releases.
  • The underlying operating performance of major (re)insurers improved year on year in the first half of 2013.
  • The European run-off market has grown in size by EUR11bn in the past year to around EUR235bn, mainly due to a greater number of firms classifying more recent business as run-off, according to the latest PwC survey on the sector.
  • The Catalina and American Safety Insurance (ASI) transaction demonstrates that activist shareholders continue to be instrumental in facilitating change and driving value, said Willis Capital Markets and Advisory CEO Tony Ursano.