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  • London-headquartered wholesale broker Lonmar Global Risks has sold its MediCare International managing general agency to French intermediary April for an undisclosed sum.
  • Hedge fund-backed Bermudian start-up Third Point Re is thought to be kick-starting its property catastrophe portfolio via a $50mn sidecar vehicle, sister title Trading Risk revealed last week.
  • Run-off specialist Tawa has approached potential buyers over disposing of some of its more mature legacy portfolios, The Insurance Insider can reveal.
  • Sub-normal hurricane activity expected; Aon acquires part of ABN Amro; PartnerRe downgraded; New storm outbreak in US; Canopius reworks management structure; Underwood on way out at Colemont; Ariel Re pays out $260mn special dividend; Platinum takes $25mn cat hit; Global takaful contributions up 19%; Direct Line debt rating; Admiral sells Italian arm
  • ANV, the Dutch-headquartered specialty insurance start-up backed by Ontario Teachers, has hired the former Axa Financial Inc CFO Richard Dziadzio to head its finance team.
  • As the US insurance community and the international (re)insurance market that serves it gather at the Risk and Insurance Management Society (Rims)'s annual conference in Philadelphia this week, a valuable mental exercise might be to advise risk managers exactly what questions to ask the brokers and risk carriers that they meet over the next couple of days:
  • Excess and surplus lines giant Lexington has reshuffled broker duties between Aon Benfield and Guy Carpenter on its $1.5bn US property reinsurance programme which renews mid-year, with MMC's reinsurance arm gaining sole control of the first working layer and Aon Benfield placing the excess layer.
  • Run-off specialist Tawa has approached potential buyers over disposing of some of its more mature legacy portfolios, The Insurance Insider can reveal
  • More than three years after leaving Bermudian insurer Ironshore, celebrated London market property underwriter Les Rock is returning to the industry
  • New York-listed insurer State Auto has incurred $19mn-$21mn of pre-tax cat losses in the first quarter of the year, the firm said