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  • Significant merger and acquisition (M&A) activity in Lloyd's is rather like the old apocryphal adage about London buses - you wait for ages for one and then suddenly three come along at once.
  • UK insurer Brit Insurance has extended its "exclusivity period" with the private equity consortium of Apollo and CVC for a further ten days to 25 October, signalling that the prospect of a buy-out is increasingly likely.
  • Small quoted Lloyd's insurer Hardy Underwriting today rejected a £158.4m takeover approach from its larger rival Beazley Group, as both parties went public over the valuation and strategic direction of the firm.
  • Analysts and market commentators were quick to point to the benefits for the Lloyd's quoted sector of today's public outing of Beazley's rejected swoop for Hardy.
  • Berkshire Hathaway has made a swift entry into the Italian medical malpractice (med mal) market as rates leap on the back of heavy losses, The Insurance Insider can reveal.
  • With the 2010 hurricane season so far proving to be a damp squib, (re)insurers are expected to ramp up capital management strategies as third quarter reporting begins in earnest over the coming weeks.
  • The impact of tough economic headwinds on demand for US excess and surplus (E&S) lines emerged as a dominant theme as more than 3,000 delegates from the sector gathered in Atlanta last week for the annual NAPSLO convention.
  • Lloyd's underwriting and claims supremo Tom Bolt has told managing agents they will soon be asked to justify their pricing methodology in detail to the Franchise Performance Directorate.
  • Ron Sandler has rejected a number of approaches from Lloyd's to take over as chairman of the Society when Lord Levene of Portsoken steps down next year, The Insurance Insider can reveal.
  • Small quoted Lloyd's insurer Hardy Underwriting has rejected a £158.4m takeover approach from its larger rival Beazley Group, with the move offering further evidence that consolidation fever has taken grip of Lime Street.