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  • The increasing use of securitisation transactions by European life insurers for finance and risk transfer is set to keep on growing, according to a report by rating agency Standard & Poor’s (S&P).
  • "Gold-plated" reinsurance was key to the landmark $7bn deal between Equitas and Berkshire Hathaway according to Scott Moser, CEO of the Lloyd's run-off vehicle.
  • Small Lloyd's insurance broker Swinglehurst is anxiously awaiting the receipt of £3mn of overdue fees from a single client, as it seeks to settle a £920,000 tax dispute with the UK tax authorities (HMRC) that has driven it to the brink of bankruptcy.
  • Willis Group is not in dispute with shareholders in its affiliate Gras Savoye & Cie over the valuation of the French broker.
  • Shares in Validus Holdings were trading down by more than five percent today after it emerged Goldman Sachs had sold off more than 3.5 million shares in the reinsurer.
  • Lloyd's insurer Heritage Underwriting Agency plc, which was acquired by Bermudian Argo International Group earlier this year, has maintained its previous forecasts on its Lloyd's syndicates.
  • Bermudian (re)insurer AXIS has announced the realignment of its organisational structure to, in its own words, “enhance the brand and operations of its insurance businesses and its reinsurance businesses globally”.
  • Bermudian Arch has become the latest (re)insurer to enter into a sidecar arrangement following the establishment of Flatiron Re. Flatiron Re follows XL sidecar Cyrus Re and Montpelier’s Blue Ocean, and carries the distinction of becoming the first...
  • Insurance broker Willis Group Holdings Ltd cancelled a $300mn debt issue at the end of June - a move that has led to speculation the firm is again considering a significant acquisition.
  • Liberty Syndicates - one of the largest Lloyd's (re)insurers - is set to end its search for a new CEO by appointing Nick Metcalf to the role, according to market sources.