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  • The UK government has put forward legislation that gives more power to investors when deciding on executive pay packages. The move comes just a month after shareholder pressure over remuneration was instrumental in ousting Aviva CEO Andrew Moss.
  • White Mountains Insurance Group's specialist legacy acquisition unit has added to its portfolio with a deal to buy two PICO Holdings subsidiaries for $17mn.
  • Legacy giant Enstar has suggested it has $300mn of cash as well as $150mn of deal-specific debt financing readily available to fund further acquisitions.
  • Last year I attended my first, and, as it turns out, last Norwich Rendezvous and Association of Run-off Companies (ARC) conference in London. A common topic of discussion at these events was the dwindling number of attendees. "Run-off," came the observation of more than one wag, "is running itself off"
  • Welcome once more to the Global Energy and Power Review. When I sat down last year to write this letter the oil spill at BP's Deepwater Horizon disaster was 12 months in the past but still looming large over the offshore oil sector, as well as sending its tentacles out into the energy (re)insurance markets
  • Bermudian (re)insurer Alterra Capital has launched another incarnation of its New Point sidecar, the company announced today (20 June)
  • Last year I attended my first, and, as it turns out, last Norwich Rendezvous and Association of Run-off Companies (ARC) conference in London. A common topic of discussion at these events was the dwindling number of attendees
  • Fitch has warned that insurers in non-peripheral Eurozone countries could face downgrades if a potential Greek exit from the euro was handled badly.
  • Arron Banks, the CEO and co-founder of Brightside Group, has resigned to be replaced with immediate effect by insurance broking director Martyn Holman
  • Troubled French mutual Groupama will sell 100 percent of its Spanish operations to Catalana Occidente for EUR405.5mn, the latter has confirmed