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  • Early reporting Lloyd's (re)insurers offered results hit by the year's heavy cat claims and difficult investment conditions.
  • In contrast to the familiar pattern of capital-strong Bermudians boosting figures in the soft market with reserve releases, White Mountains Insurance Group took a $51mn Q2 hit as a result of adverse development in its reinsurance business.
  • 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.
  • The head of specialist reinsurance broker RK Carvill & Co Ltd's New York office has left the company, The Insurance Insider can reveal.
  • 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.
  • American International Group's (AIG) new chief executive Rob Willumstad has given himself until Labor day (1 September) to demonstrate how he plans to restore the leviathan's fortunes.
  • Marsh is set to undertake a significant shake-up later this year with the new management duo of Brian Duperreault and Dan Glaser poised to unveil sweeping changes at the global broking giant, The Insurance Insider understands.