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  • With Lloyd's stocks surging ahead of international rivals in recent months, some have suggested a tailing off in the M&A fever that has consumed the sector in the last two years...
  • In a u-turn it said was justified by its search for "the most efficient allocation of capital", Hiscox parted company with Bob Forness, the CEO-elect of its Bermuda subsidiary, and shut down the specialist team he headed just months after joining in Septe
  • Lloyd's opening 2009 capacity is set for a record high of approaching £17bn as pre-emptions in response to expected changes in market conditions combine with a number of new syndicates in the market.
  • Bermudian insurer Endurance Specialty Holdings is considering selling off its London insurance unit after a strategic review, The Insurance Insider can reveal.
  • Reinsurer XL Re Europe Ltd is facing demands by ceding companies in the London market to post letters of credit to back up underwriting of treaty renewals, The Insurance Insider has learned.
  • Independent reinsurance broker RK Carvill has announced that it is to cease placing or renewing any new treaty business incepting after 1 April 2009, The Insurance Insider has learned.
  • Kevin Kelley has left his position as president and CEO of American International Group (AIG) subsidiary Lexington Insurance Company to take over as CEO of Ironshore Inc.
  • BMS Group settled with former senior employees and rival London market broker CJ Coleman (CJC) in the middle of trial proceeds over claims of conspiracy and gross breach of duty that were being heard in the UK High Court last month.
  • Lloyd's and Bermudian (re)insurers are selling Industry Loss Warranty (ILW) capacity as rates surge on the back of a hardening traditional market and a retro crunch caused by the withdrawal of hedge fund capacity.
  • As American International Group (AIG) continues to move through the phases of last month's revamped rescue package, CEO Ed Liddy said he will reopen negotiations with the US government to improve terms of the deal...