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  • Scor plans to increase its capacity for cat risk while reshaping its retrocession programme in favour of greater quota-share cover to protect earnings.
  • 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.
  • Former Willis CEO Joe Plumeri has halved his holding in the company since he relinquished that role at the turn of the year.
  • Endurance Specialty's appetite for property cat business is "unchanged", according to the Bermudian's reinsurance CEO Jerome Faure.
  • Ace has dropped Atrium from its reinsurance security list after the Lloyd's underwriter was sold to run-off acquirer Enstar, The Insurance Insider has learned.
  • With its A- ratings under negative review by AM Best, Bermudian reinsurer SAC Re is thought to be hot in pursuit of a new partner to replace beleaguered hedge fund SAC Capital.
  • ILS market nears peak: S&P; Rothesay sale; CLIPS: US price rises slow...; ... but momentum holds says MarketScout; Endurance Asia Pac cat; Solvency II delay; Brit Bermuda launch; Canopius boosts profit; Power claims; Aon Benfield lures; Woods hire; EUR180mn hail loss; Flood Re bill drafted; Lancashire deal approval; Clark leaves Deloitte; Montpelier Re launch; AQR Re hires CUO; Uniqa EUR700mn+ equity raise; Argo expands political risk
  • Following an extensive consultation with the market, Lloyd's has said that the most likely successor to CEO Richard Ward will be a candidate with a background in the sector.
  • Just under a quarter of reinsurers and reinsurance brokers said profitability would improve in the Middle East and North Africa over the next 12 months, according to a survey published by the Qatar Financial Centre.
  • Bankers have been approaching private equity houses with a view to spinning off the London part of Towers Watson's reinsurance broking business following its proposed sale to Willis Re, The Insurance Insider has learned.