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  • Flagstone is weighing up its strategic options after ANV, the sole remaining bidder in its auction process, tabled its "final" bid for the company, The Insurance Insider can reveal.
  • Former SVB chief exec Rupert Villers is to relinquish his job as co-CEO of Aspen Insurance to take on the new role of chairman
  • Malaysia-based Labuan Reinsurance ran up a combined ratio of 123 percent in 2011 due to international catastrophe losses from the Thai flooding and Christchurch earthquakes, Fitch Ratings said as it affirmed its A- rating on the insurer
  • Berkshire Hathaway is set to write an $800mn chunk of Suncorp's 1 July renewing main open market cat treaty, The Insurance Insider can reveal.
  • The walk-out at Novae Re's Zurich office continued last week, with most of the firm's Switzerland-based underwriters now having resigned from the Lloyd's (re)insurer.
  • European (re)insurance stocks fell heavily on Monday as a deluge of bad news added to the challenges facing the continent's leaders ahead of a summit later this week.
  • Shares in Axis Capital closed down 2.5 percent on 25 June at $31.57 on the New York Stock Exchange (previous closing price $32.38) following news that the (re)insurer had ousted chairman and founder John Charman at the cost of $22mn.
  • The Bermuda Monetary Authority (BMA) is "confident" that the island will achieve equivalence with Europe's Solvency II directive, following talks in Brussels earlier this month.
  • Guy Carpenter's Young Professionals raises the bar; McConachie out to pasture early; Debby approaches US coast; Sodden June for UK; Typhoon season kicks off; Pioneering hire for BMS; Groupama in junk territory; Seven year stretch for SII transition?; New pilot for AIG leasing unit
  • US-based broker Lockton has sued former senior vice president of employee benefits David Bachrach for failing to pay back around $350,000 in outstanding membership contributions when he quit the firm.