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  • The board of in-play Bermudian catastrophe reinsurer IPC Holdings has rejected a revised offer for the company from compatriot (re)insurer Validus Holdings.
  • Julian Avery, the former CEO of Wellington Underwriting plc and chairman of Equity Insurance Group, is set to join financial services investment banking boutique Fenchurch Advisory Partners as a senior adviser.
  • Ratings agency Standard & Poor's (S&P) has raised its insurer financial strength rating on Nigeria-based African Reinsurance Corp to 'A-' from 'BBB+' with a stable outlook.
  • Expansive Bermudian insurance group Ironshore Inc has raised $300mn in private equity to take advantage of the "significant dislocations" it is seeing in certain markets.
  • RAA: $58bn in US premium ceded offshore in 2008; AWAC launches side 'A' D&O excess product; Ace enters $500mn LOC agreement with Deutsche Bank; Heath Lambert gains two new clients
  • Donald MacDonald, the deputy managing director of Willis' UK reinsurance unit, has resigned, The Insurance Insider can reveal.
  • Texas Governor Rick Perry has signed into law a bill (HB 4409) for restructuring the state's windstorm insurance fund, the Texas Windstorm Insurance Association (TWIA), and axing its $1.5bn reinsurance programme.
  • Endurance announces promotions; THB swipes Guy Carpenter exec for Zurich office; Clyde & Co expands into life market with new team; SBJ picks up two from Aon Benfield...
  • After 2008's bleak investment conditions, Flagstone Re has piled out of equity investments and now has 34.5 percent of its portfolio invested in US Treasury Inflation-Protected Securities, or TIPs...
  • The US Supreme Court has reinstated an approximate $500mn settlement in an asbestos lawsuit against US insurance giant The Travelers Casualty Companies (Travelers).