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  • London-listed (re)insurer Catlin Group has continued to build-out its US platform with the acquisition of a Wisconsin-domiciled admitted lines shell company from QBE for an undisclosed sum.
  • Industry financier Sir Laurie Magnus has warned that the London market is in danger of being overtaken by US and Bermudian insurers unless it works to improve its claims processes and standards of professionalism.
  • Bermudian (re)insurer Allied World Assurance Company Holdings (AWAC) launched its IPO last Wednesday (12 July) priced at $34 a share.
  • US specialty insurer RLI yesterday (14 November) said it would return a total of $65mn to investors via a special dividend of $3 per share, citing its "strong" financial performance
  • Brian Carpenter will give up his duties as CEO of Amlin's UK operation at the end of January ahead of full retirement later in 2014, The Insurance Insider first revealed on 3 December.
  • Sustained profit performance bolstered by prior-year reserve releases emerged as a common theme among Bermudians reporting fourth quarter and full year 2007 results.
  • Zurich Financial Services Group (ZFS) last week joined a growing chorus of (re)insurers to reveal preliminary hurricane loss estimates, with expected claims payments from hurricanes Gustav and Ike amounting to $600mn before tax.
  • Quanta Capital Holdings has signed heads of agreement with Chaucer Holdings and the senior underwriting team of its Syndicate 4000 to form a new Lloyd’s managing agent, Pembroke Managing Agency Limited.
  • Expansionist independent broker BMS has tempted Glenn Kerr away from Aon Benfield to spearhead the growth of its wholesale and facultative business in Asia Pacific
  • State governor Charlie Crist is still yet to decide whether he will veto an industry-backed insurance bill voted through in the dying moments of the Florida State legislative session at the end of April.