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  • Bermudian (re)insurer Validus Holdings Ltd has suffered its first major departure after taking over Lloyd's insurer Talbot Underwriting with deputy head underwriter Darren Redhead joining DE Shaw.
  • Corporation accounts reveal pension shortfall grows to £47mn post-tax and £19.9mn fees to support Project Blue Mountain (Kinnect) The Corporation of Lloyd's after tax pension deficit increased last year from £6mn to £47mn (£67mn before tax) because of
  • AIG's prolonged efforts to sell its ILFC aircraft leasing business to a consortium of Chinese investors are continuing despite setbacks that have stalled the deal on the runway, the Wall Street Journal (WSJ) reported yesterday (10 October)
  • Reinsurance broker Benfield announced a 10.5 percent drop in pre-tax profits when it revealed its first-half results last Thursday (8 September).
  • Although natural catastrophe losses remained relatively low, a spate of man-made claims blemished the underwriting performance of a handful of major reinsurers during the second quarter of 2014.
  • On the face of it, an impasse has been reached in the Beazley-Hardy courtship.
  • Lloyd’s investment vehicle Hampden Underwriting plc (HUP) is planning an August float on the London Stock Exchange’s Alternative Investment Market (AIM) in a bid to raise £15mn.
  • Oxygen, the independent London based intermediary, has parted company with a three-strong international property team, Insider Week can reveal.
  • 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.
  • Bermudian reinsurers Montpelier Re Holdings Ltd and Platinum Underwriters Holdings Ltd revealed mixed results for the second quarter as favourable reserve development helped soften the impact of weaker pricing.