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  • Lloyd's insurer Jubilee Managing Agency Ltd is continuing its expansion strategy with the appointment of property underwriter Martin Pope and a team from Travelers, The Insurance Insider understands.
  • Later this month, potential acquirers of a EUR100mn German run-off portfolio should receive information packs which will enable them to price their interest.
  • After keeping his counsel for most of his first three months at the helm of XL Capital, Michael McGavick was refreshingly candid in his assessment of the embattled (re)insurer as he addressed analysts at the start its Q2 earnings call.
  • The scramble for an EC3 platform is continuing apace with the acquisition of Imagine Group's Lloyd's operations and a takeover bid for the AIM quoted (re)insurer, Advent Capital Holdings.
  • Willis's London market broker Glencairn, acquired as part of the $2.1bn Hilb Rogal & Hobbs (HRH) takeover, will be re-branded and allowed to function as a stand-alone wholesaler, The Insurance Insider has learnt.
  • Trading in Carvill's reinsurance catastrophe derivative contracts is now over $60mn in nominal value as the US hurricane season is sizing up to be the most potent since 2005.
  • An inevitable sign of the times is that insurers are seeing their revenues either flat or falling – a trend that featured heavily in AM Best’s table of top US property casualty writers.
  • Mangrove Bay has become the first major contingent capital facility issued by a non-life (re)insurer to be called upon after the Bermudian (re)insurer confirmed last month that it would be exercised.
  • Like its larger rivals Aon and Willis, Arthur J Gallagher & Co was able to report a rise in total brokerage and risk management revenue of 6 percent, but the Chicago-based firm missed Wall Street estimates in its Q2 figures as the soft market hit results.
  • Settlement talks between the New York attorney general's office and Maurice "Hank" Greenberg have postponed a deposition involving the former American International Group (AIG) CEO until after 1 September.