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  • Validus Holdings is set to acquire fellow Bermudian reinsurer IPC Holdings after it upped the cash element of its offer, winning unanimous board approval from IPC and scuppering Flagstone Re’s rival bid.
  • American International Group (AIG) is reported to have re-started talks with MetLife over the sale of its international life insurer American Life Insurance Company (ALICO) in a transaction which could help the beleaguered insurer raise over $15bn.
  • Maurice “Hank” Greenberg-controlled private company Starr International (SICO) did not misappropriate assets from an American International Group (AIG) trust set up to provide compensation for senior AIG executives, a US federal jury has ruled.
  • London-quoted broker Jardine Lloyd Thompson (JLT) has acquired Lloyd's broker Tyser & Co's (Tysers) portfolio of North American Directors' and Officers' (D&O) liability business.
  • London-headquartered (re)insurance broker Cooper Gay has edged closer to its desire for a public listing, with news that it has appointed UBS as adviser.
  • Catlin Group is understood to be the leader on the liability reinsurance programme for Italian train operator Ferrovie dello Stato, following a crash in the Tuscan city of Viareggio on 29 June.
  • The key 1.7 renewal date carried on the trend set at the 1.6 Florida-focused renewal, with reinsurers looking for bumper rate rises left disappointed...
  • Guy Carpenter took further steps to bolster the management of its non-US operations last week, as it looks to redress the shift in its powerbase to New York that began early last year.
  • The Hartford Financial Services Group has filed a lawsuit against Bermudian Arch Insurance and three former employees, claiming Arch "conducted an unlawful corporate raid" by hiring over 60 managers, underwriters and employees from its New York subsidiary
  • Lloyd's and Bermuda (re)insurer Omega Insurance Holdings declared its Names capacity buyback initiative a success last week, after receiving acceptances of approximately £45.7mn of capacity.