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  • The long-term effects of Lloyd's businesses re-domiciling could be damaging to the market, CEO Richard Ward has warned.
  • Hurricane Ike made landfall on Saturday (13 September), causing up to an estimated $16bn of on-shore and off-shore insured damage, according to early reports.
  • Fairfax Financial Holdings Ltd has made a public offer to acquire Polish reinsurer Polskie Towarzystwo Reasekuracji (Polish Re).
  • Nick Foden-Pattinson, former director of reinsurance broker RK Carvill-subsidiary Carvill London Ltd, has joined RFIB Group Ltd.
  • In the absence of major loss events, negative ratings actions, reinsurer takeovers or run-off announcements, the Monte Carlo Rendez-Vous gives the large reinsurers their chance to flag up concerns before the renewal process begins in earnest.
  • Lloyd's insurer Marketform Group Ltd is continuing its expansion and diversification with the hire of property underwriter Michael James, The Insurance Insider has learned.
  • Swiss Re led a fall in the stock values of global (re)insurers as the markets adjusted to the weekend shock of Lehman Brothers imminent bankruptcy and reports that global insurance giant American International Group (AIG) was seeking emergency funding of
  • Integro's new chief executive Pete Garvey is to spear-head a cost-cutting drive at the broker as it responds to the weak insurance market and tough economic conditions.
  • UK listed run-off firm Tawa plc has emerged as the front runner in the bidding war to acquire Travelers' long-tail run-off portfolio, Unionamerica Insurance Company Ltd, The Insurance Insider has learnt, after tabling a competitive bid earlier this month.
  • Willis Re is set to unveil a new unit specialising in protection and indemnity (P&I) and marine mutual reinsurance, The Insurance Insider understands.