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  • The success of proposed (re)insurance facilities targeting oil and gas companies' drilling platforms along the US coast will hinge on demand and pricing, say industry leaders.
  • Malcolm Payton, head of global property facultative reinsurance at JLT Re, is joining GCFac, sister publication Inside FAC has revealed.
  • AmTrust Europe - the UK insurance company that rebranded from IGI earlier this year - has unexpectedly parted company with its CEO Keith Wardell.
  • Excess capital in the reinsurance market is continuing to push down global rates dangerously close to loss-making territory, according to broker Guy Carpenter.
  • Lloyd's underwriting profits will be thin on the ground for the first half of the year but this has done little to deter the queue of potential arrivals at the three-hundred year-old market.
  • Munich Re has committed a $2bn line to a proposed industry offering that it says has the potential to create $10bn-$20bn in new liability cover from the international (re)insurance industry for offshore drilling operations around the US coast.
  • Only two Atlantic hurricane seasons since records began have equalled 2010's total of 10 named storms by 14 September - and both of those years went on to become the most active on record, according to modelling agency RMS.
  • The senior management of CV Starr's accident and health subsidiary has entered negotiations with Hank Greenberg to buy themselves out of the parent holding company, according to an internal memo obtained by The Insurance Insider.
  • The Irish regulator has refused Quinn Insurance permission to resume writing commercial lines insurance in the UK due to concerns that it is still undercapitalised.
  • Chartis leads the cover for the ATR-42 turboprop that crashed in Venezuela yesterday, with cover placed by JLT, The Insurance Insider understands.