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  • Staff shareholders in technology firm Ri3k are to receive just £0.00002 per share from successful bidder Qatarlyst - leaving founding CEO Alex Letts with a payout of just under £40 for his stake in the firm.
  • Chaucer's 2011 capital base is expected to come under the spotlight later this week, when it unveils its new senior management's thinking in an update on corporate strategy.
  • Catlin Group experienced a slight fall in nine-month volume at its core London division and growth in its international operations.
  • The interim management statement (IMS) published by Novae last week provided a further update on the company's strategic reorientation plan and met with the approval of analysts.
  • On the face of it, an impasse has been reached in the Beazley-Hardy courtship.
  • Bid target Hardy Underwriting has taken the highest proportional loss on the New Zealand earthquake among the international (re)insurers to report to date, with a £10mn hit representing nearly 7 percent of its half-year equity.
  • Bermudian (re)insurers are more likely to deploy excess capital in the form of share buybacks than in a wave of consolidation.
  • Lloyd's (re)insurer Beazley's Q3 interim management statement (IMS) `has reported 2 percent growth in gross written premiums (GWP) to $1.35bn in the nine months to 30 September.
  • Tough trading conditions for (re)insurers amid soft pricing and stagnant investment returns has raised the question of whether the traditional sector target of a 15 percent return on equity (RoE) is sustainable.
  • Despite predictions of an uptick in (re)insurer M&A activity, fuelled by excess capital and cheap stocks, the motivation for deals was questioned by senior market figures gathered in Bermuda last week.