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  • Hiscox plc is leading a flurry of proposed bids among Lloyd's (re)insurers to expand their 2010 capacity in order to take advantage of anticipated good trading prospects and the stronger dollar.
  • The growing popularity of quota share reinsurance was underscored with news that Bermudian (re)insurer Flagstone Re is the leader on the £50mn transaction that enables Lloyd's insurer Chaucer Holdings to increase its 2009 and 2010 capacity.
  • 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.
  • 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.
  • The board of in-play Bermudian catastrophe reinsurer IPC Holdings has rejected a revised offer for the company from compatriot (re)insurer Validus Holdings.
  • 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.
  • Ratings agency Fitch has downgraded its Insurer Financial Strength ratings for Brit Insurance Holdings' principle insurance subsidiary - Brit Insurance Ltd (BIL) - to 'A' from 'A+'.
  • Offshore domicile Guernsey has seen a significant increase in enquiries relating to setting up captive and insurance cell operations in the last three months, chief executive of Guernsey Finance Peter Niven told The Insurance Insider.