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  • New sidecars from RenaissanceRe, Nephila Capital and Flagstone were on the road in time for the official 1 June start of the 2009 hurricane season, proving the exception to the rule as a number of other vehicles failed to get off the starting grid.
  • Iris Re, the new Bermudian class 3 reinsurer launched by private equity firm Cartesian Capital Group, will bring $100mn of much needed capacity to the tight industry loss warranties (ILW) market, The Insurance Insider understands.
  • Key renewal reveals adequate capacity and a more moderate outlook for US cat rates.
  • Transatlantic Re stock sale could gross $1.1bn for AIG; Ayer to step aside as Hartford raids TARP; Torus set for US charge; Brit bigger in Japan; Ace INA in $500mn debt restucture; Dinallo resigns, set to follow Spitzer? AIG CEO steps down; Willis to pa
  • The three-week trial in the long-running dispute between Berkshire Hathaway’s Equitas and Randall & Quilter (R&Q)-owned Brandywine, which involves more than 4,000 claims, is scheduled to start on 15 June.
  • E&Y: Over-regulation could harm recovery; E&Y: Over-regulation could harm recovery; Court date set for closure on Equitas liabilities; THB losing Tom Brien; JLT predicts Thistle could bloom; Miller confirms fac drive; SBJ Global Risks in MBO from Axa; Guy
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.
  • Credit Suisse Asset Management (CSAM) has launched a $65mn dedicated life insurance-linked securities (ILS) fund, as the resurgence in life risk trading continues.
  • Max Capital and IPC Holdings have added cash sweeteners to their respective shareholders ahead of the crucial 12 June vote on the board approved merger of the Bermudians, as they continue to fend off Validus Holdings' attempts to derail the deal.
  • With crash victims hailing from over 30 nations, the Air France Flight 447 loss has thrown into stark relief the complications in setting aviation passenger liability reserves since the widespread adoption of the 1999 Montreal Convention.