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  • Lloyd's insurer Novae Group has reshuffled the senior underwriting positions of its managing agency subsidiary and Syndicate 2007 following the departure of Peter Matson earlier this year.
  • While the high-profile M&A stories of the summer involving targets Transatlantic and Omega have dragged on for months, a flurry of activity has delivered three smaller scale Lime Street transactions in under a week.
  • Lloyd's underwriting tsar Tom Bolt has fired another broadside at offshore energy underwriters by suggesting he is not convinced they are "robustly managing risks".
  • Transatlantic Holdings stock has been downgraded by analysts at Deutsche Bank as the likelihood that the company moves forward as a standalone entity increases.
  • Flagstone Re is unlikely to benefit from $60mn of cat bond protection from Hurricane Irene as modelling firm RMS published a $2.82bn Paradex index value for the US storm, a trigger used on the Montana Re 2010 cat bond.
  • London-headquartered specialty (re)insurance broker UIB has announced a reshuffle of senior management.
  • Generali shares traded in line today (20 September) as the markets shrugged off Standard & Poor's (S&P) decision to downgrade Italy's sovereign debt rating
  • Bermuda reinsurer Montpelier Re has agreed a $55mn cash sale of its US insurance carrier to Selective Insurance Group, in a move that frees it up to concentrate on property cat reinsurance
  • Risk management software provider Russell Group has launched of a new solution for enterprise wide multi-class risk management - the ALPS enterprise multi-class model.
  • First Reserve-backed (re)insurer Torus is poised to bolster its Lloyd's operations after it sealed an agreement with Israeli insurer Clal to buy its Lloyd's arm Broadgate for £11mn.