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  • London-listed run-off acquisitions and insurance services company Tawa has put itself up for sale after announcing this morning to the London Stock Exchange that it is seeking bidders for the company.
  • Despite the dampening effect of surplus capital in the reinsurance industry, Swiss Re predicts prices will 'increase moderately' at the January renewals. The Zurich-headquartered reinsurer says weak interest rates and new solvency rules are 'major factors driving re/insurance pricing'.
  • Two major global reinsurers have used the platform of the Monte Carlo Rendez-Vous to warn of difficult economic conditions for the industry and potentially tumultuous times ahead.
  • Reinsurers have had a good year in terms of upgrades due to the market's financial resilience and limited eurozone exposure, in sharp contrast to primary insurers that have been hit with a swathe of downgrades, the ratings agencies said.
  • Lloyd's is not considering relaxing its stance on limiting the amount of business a broker-owned syndicate can source through its own distribution, the society's chairman John Nelson has told The Insurance Insider.
  • Reinsurers should be willing to stand should to shoulder with their ceding companies and provide more proportional reinsurance products for casualty business as a means of overcoming the shortage of growth opportunities, Aon Benfield has said.
  • Goldman Sachs’ wholly owned P&C (re)insurance platform is restructuring six months on from the investment bank’s deal to purchase the Bermudian operations of Ariel Holdings for less than book value.
  • Capital markets capacity is now an integral part of the reinsurance market, Guy Carpenter vice chairman David Priebe said as the 2012 Monte Carlo Rendez-Vous prepares to open tomorrow morning.
  • Beazley Group has priced its pioneering UK retail bond at a 5.375 percent per annum coupon, reflecting strong interest in the issue
  • Lloyd's finance director Luke Savage will take on oversight of the market's modernisation projects from Monday (10 September), ahead of the departure of director of market operations Sue Langley in December.