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  • Jamaica-headquartered insurer Sagicor has built its treaty presence at Lloyd’s with a new underwriting team, which started writing business on its Lloyd’s Syndicate 1206 from box 245 on 1 June.
  • Barbados-headquartered insurer Sagicor has built its treaty presence at Lloyd’s with a new underwriting team, which started writing business on its Lloyd’s Syndicate 1206 from box 245 on 1 June.
  • Lloyd's insurer Omega has submitted an offer to acquire additional capacity up to a limit of between £50mn and £125mn of Syndicate 958's £249mn of allocated capacity for 2009 - potentially taking its share from 16 percent to 66 percent.
  • The European insurance and reinsurance federation, the CEA, has announced its strong support for proposals from the European Commission (EC) for a new EU financial supervisory architecture...
  • Insurance rates in the UK continued to fall across all major lines of business in the first quarter of 2009, further squeezing insurer margins, according to insurance broker Marsh.
  • Former Kiln reinsurance underwriter Andrew Carrier is returning to London to take on the director of underwriting role at Heritage Managing Agency, the Lloyd's arm of Argo Group.
  • A 24 June date has been set for the UK High Court to approve a proposed Part VII transfer of all Equitas' remaining liabilities - now comprising some $7.8bn - to a new company which will finally allow Lloyd's Names to "sleep easily at night".
  • Aon launched international trade credit team; ASCOT opens Chicago and Hartford offices...
  • The draft request for proposals (RFP) seeking bids from investors for the insolvent Midland P&C (re)insurance estate has attracted significant interest ahead of the final RFP which is set to be issued "in a matter of weeks".
  • Validus Holdings has been dealt another blow in its attempts to use the courts to derail Max Capital's agreed merger with IPC Holdings and execute its own takeover of the Bermudian cat specialist.