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  • Standard & Poor's (S&P) move to upgrade Scor to A+ with a stable outlook means the French reinsurer has seen its ratings boosted by all four major agencies in the last three months.
  • Shares in up-for-sale (re)insurer Flagstone Re have climbed almost 10 percent in the last three days of trading.
  • Generali CEO Giovanni Perissinotto has become the latest top executive casualty of shareholder activism after he was stripped of his position by the board of the Italian insurer this weekend.
  • Validus Holdings has launched another sidecar in its AlphaCat fleet that is writing collateralised reinsurance with a focus on providing windstorm cover for Florida domiciled insurers.
  • The new look divisional structure of Willis Global will streamline the group's London-based global broking operations into three major profit centres, The Insurance Insider has learned.
  • RenaissanceRe has established a new sidecar Timicuan Reinsurance (Tim Re) III, to take a portion of the Florida homeowners' business written by the Bermudian reinsurer that incepts today (1 June)
  • Prominent energy broker Jonathan Lyne is leaving RFIB to take the deputy chairman role at energy specialist Alesco Risk Management Services, The Insurance Insider understands.
  • Broking house Windsor has agreed its sale to insurance distribution group Hyperion in a deal valuing the business at £95mn, as predicted by The Insurance Insider.
  • Italian insurance giant Generali has called an extraordinary general meeting for tomorrow (Saturday 2 June), where shareholders are expected to put pressure on CEO Giovanni Perissinotto to step down
  • The International Association of Insurance Supervisors (IAIS) has released its proposed method of assessing which insurers will be deemed of global systemic importance.