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  • Unrealistic price expectations and legacy issues attached to back year liabilities contributed to Sagicor's failure to successfully sell its Lloyd's business, The Insurance Insider understands
  • Around 10 percent of European insurers could fall below their minimum capital requirements in the event of one or a series of adverse financial shocks, according to the European Insurance and Occupational Pensions Authority
  • Broadgate is the latest in a long line of Lloyd's insurers that has made itself open to takeover approaches, it is understood
  • As the soft market shows little signs of relenting and with interest rates at record lows, senior industry figures are cutting their performance targets to ensure they can still receive lucrative bonus payments
  • Mark Byrne, the founder of Bermudian reinsurer Flagstone Re, and private equity-backed Lloyd's carrier Canopius lead a shortlist of buyers for Omega
  • Tornado activity eased off towards the end of the second quarter but loss estimates continued to accumulate following the severe storms that struck the US in April and May, taking reported losses to $8bn
  • The Insurance Insider is bemused by market relief that a cat heavy H1 is finally over. After all, the traditionally tough Q3 is finally upon us
  • First-time cat bond issuer Argo Group said turning to the collateralised sector was an attractive option in the current uncertain market, as a hedge against rising retrocession pricing
  • UK-listed Tawa plc has shrugged off Stone Point Capital to enter into exclusive talks over acquiring Lloyd's turnkey managing agency Whittington
  • Towers Watson Capital Markets has structured and sold its first cat bond deal, an $11.95mn private placement for a Floridian insurance company.