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  • Malcolm Bean, chief operating officer at Brit Insurance since before it was sold to the Achilles private equity consortium, has left the company, The Insurance Insider has learned.
  • Omega's founder and former underwriting chief John Robinson is taking the company to court in Bermuda ahead of its proposed sale to fellow Lloyd's insurer Canopius.
  • Shares in Axis Capital closed down 2.5 percent on 25 June to $31.57 (previous closing price $32.38 on the NYSE) following news that the (re)insurer had ousted chairman and founder John Charman at the cost of $22mn
  • Berkshire Hathaway's reinsurance chief Ajit Jain has agreed to write lines totalling $800mn on Suncorp's main open market cat treaty while on a recent trip to Australia, The Insurance Insider can reveal.
  • Barbican Group's main backer Carlson Capital is holding talks to buy out its minority owner Steel Capital, The Insurance Insider has learned.
  • 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.
  • 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.
  • It's been quite a month for those concerned with the nurturing of our industry's future talent, particularly here in London.
  • Lightyear Capital, the private equity (PE) owner of Lloyd's (re)insurer Antares, has held talks with at least three potential partners as it looks to raise additional equity to grow the business, The Insurance Insider can reveal.
  • Ratings agency Standard and Poor's (S&P) has downgraded its long-term insurer financial strength and issuer credit ratings on France-headquartered international mutual Groupama and its guaranteed subsidiaries by two notches from BBB-to BB.