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  • Veteran specialty reinsurance underwriter Tony Lovett has joined forces with Hyperion's managing general agency (MGA) Dual Corporate Risks to set up specialty excess of loss unit Tamesis Dual.
  • A subsidiary of CV Starr, the insurance group run by former American International Group (AIG) chief executive Hank Greenberg, is suing the US government, alleging that its bailout of AIG during the financial crisis was unconstitutional.
  • Hiscox's Bermuda platform has become the latest reinsurer to qualify for reduced collateral requirements in the state of New York
  • International Underwriting Association (IUA) chairman Stephen Riley will replace Barnabas Hurst-Bannister as chairman of the London Market Group (LMG) from 8 December.
  • Swiss Re has confirmed that it will delist and squeeze out the outstanding shares of Swiss Reinsurance Company as it moves to establish the new corporate structure it announced in February.
  • The Corporation of Lloyd's will cut spending by £17mn in 2012 and freeze service charges at 2011 levels as it acknowledges the tough underwriting conditions for (re)insurers operating in the market
  • Rating agency AM Best has affirmed the ratings on Atrium Underwriters' Lloyd's syndicates 570 and 609 ahead of their merger next year.
  • Investors are sceptical about the prospect of an imminent market turn when one looks at the valuations of the sector
  • PartnerRe has replenished the limit on its share repurchase programme, giving the company permission to buy back up to 7 million common shares.
  • A Bermuda-based protection and indemnity (P&I) club was left fighting for its life on 18 November as it headed to court to challenge a provisional liquidation order.