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  • Munich Re-owned Lloyd's managing agency Beaufort will not offer third party investors capacity in its specialist retrocession Syndicate 2318 in 2011, and may even decide not to proceed with the facility.
  • Brit shareholders have been given a further fortnight to vote on the joint Apollo-CVC offer first unveiled in late October.
  • European insurance companies ignore the planned Solvency II regulations at their peril, according to a report by rating agency Standard & Poor's (S&P).
  • Bermudian (re)insurer AXIS Capital reported first quarter net income of $195.2mn, or $1.19 a share, up from $151.8mn, or $0.95 per share for the prior year period.
  • Marsh and McLennan, the parent of the world's largest insurance broker Marsh, saw its share price fall this week despite the company posting a 19 percent rise in quarterly profits on the 21 October.
  • Apparent tensions between Catlin Group and AM Best re-surfaced last month with the rating agency maintaining its negative implications stance on the group despite the unconditional declaration of its takeover of Wellington Underwriting plc.
  • Energy mutual Oil Casualty Insurance Ltd (OCIL)'s proposed reinsurance renewal demonstrates the tough conditions for GOM energy reinsureds looking to buy cover...
  • Since we wrote last week the three-way tussle for Transatlantic Re has moved on apace. In précis, in the last few days the Transatlantic board has agreed to talks with Berkshire Hathaway subsidiary National Indemnity while the other bidders reached for their lawyers.
  • 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.
  • Thank you very much to everybody who supported us this year by entering The Insurance Insider Honours. We had some outstanding entries, with some stiff competition. The judges did meet last Thursday (18 July) to discuss all entries, I am delighted to announce the below shortlist (in alphabetical order) for the following categories: