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  • A marked uptick in tropical storm activity occurred right on cue last week with the approach of September.
  • Glacier Re's slow demise as a live underwriter was completed last week with the announcement that its portfolio of business has been placed into run-off with immediate effect.
  • Omega Insurance Holdings expects to pay just $850,000 in compensation to ousted CEO Richard Tolliday.
  • Former Beazley Group chief underwriting officer Johnny Rowell has made his long-awaited return to the market after signing up to Pat Ryan's ambitious start-up proposition, The Insurance Insider revealed last week.
  • Fresh from being named over the weekend as a potential bidder in the forthcoming sale of UK insurer RBSI, sources have linked Berkshire Hathaway with a possible approach for Bank of America's (BoA) up-for-sale Balboa Insurance Group subsidiary.
  • Reserve releases by US and Bermudian (re)insurers were up by almost a third in the second quarter of 2010 compared to the prior-year period, according to a review by analysts at Stifel Nicolaus.
  • Lloyd’s insurer Omega Insurance Holdings has reported a maiden loss in the first half of the year as the heavy toll from man-made and natural catastrophes and reserve strengthening pushed the group into the red for the first time.
  • Swiss-based reinsurer Glacier Re's portfolio of business has been placed into run-off with immediate effect, having failed to find a buyer despite being on sale for some time.
  • QBE is lining up former Aon UK chief Peter Harmer to succeed 64-year-old Frank O'Halloran as group CEO, The Insurance Insider can reveal.
  • White Mountains has become the latest Bermudian to beef up its share repurchase programme, as (re)insurers continue to take advantage of depressed valuations to deploy idle capital.