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  • Fitch Ratings has placed the A- insurer financial strength rating of Flagstone Re on negative watch.
  • Lloyd's has confirmed that its director of International Markets Jose Ribeiro will be leaving the organisation in May to take up a new CEO role overseas
  • Novae has been praised by analysts for its full-year performance in 2011, and also won a new "buy" recommendation and improved forecasts
  • Willis Re has announced that veteran David Rainbow will become managing director of its European business - a position that was left vacant when incumbent Tony Melia was promoted in January
  • (Re)insurance service provider and legacy investor Randall and Quilter (R&Q) has reinsured to close the 2007 year of account of Equity-managed Syndicate 1208
  • Stephen Catlin, the founder of Catlin Group and one of the most influential figures within the Lloyd's market, has sounded a note of caution over the London market's plans to build a new claims platform to deal with volume claims.
  • The unsold portion of Ariel Re will be rechristened Arden Re after the M&A deal with Goldman Sachs closes and will "in effect be managed" by the senior staff at Lloyd's (re)insurer Atrium
  • Goldman Sachs has confirmed that it has reached agreement to acquire the Bermuda-based operations of Ariel Re, as exclusively revealed yesterday (29 February) in The Insurance Insider
  • London-headquartered law firm Ince & Co has promoted five marine, shipping and energy and offshore lawyers from across Europe and Asia to become partners in the firm from May 2012
  • Global bank HSBC is set to close a deal to sell its non-life insurance business to insurers Axa and QBE for $1bn by next week, according to reports