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  • The Lloyd's insurer SVB Holdings Plc is now pinning its hopes on negotiating a reduction in its capital requirements, as it is as yet no closer to agreeing a ring-fencing arrangement that could protect it from its enervating US D&O and financial...
  • Bermudian run-off specialist Enstar Group Ltd has agreed to purchase the failed UK listed (re)insurer GoshawK for £45.7mn ($90.3mn).
  • Cullum Capital Ventures (CCV), part of the Towergate group, recruited two teams from troubled property services group Erinaceous last month.
  • Legal tit-for-tat is par for the course in the ongoing break-up between American International Group (AIG) and the company now run by its ex-CEO Hank Greenberg, CV Starr. The last month has proved no exception with action in two separate cases in...
  • Hannover Re is poised to enter into a landmark financial transaction that will lay off credit risk on its reinsurance recoverables to the capital markets, a move first revealed by The Insurance Insider in January last year.
  • Warren Buffett, the CEO of investment conglomerate Berkshire Hathaway, has been diagnosed with Stage 1 prostate cancer.
  • Ratings agency Fitch has downgraded the issuer default rating (IDR) of Berkshire Hathaway Inc to AA+ from AAA and its senior unsecured debt ratings from AAA to AA.
  • Underwriting losses in the US property and casualty (P&C) industry narrowed in the third quarter of 2010 compared to the prior-year period, with premium volume showing a surprise increase.
  • City grandee Michael Spencer has joined the board of London market start-up Oxygen Holdings plc, The Insurance Insider can reveal. Spencer, one of the wealthiest men in the City through the success of his company ICAP plc, became a non-executive direct
  • Bermudian (re)insurance group White Mountains saw its Q3 income swing into the black, as the investment markdowns seen during the same quarter of 2008 were dramatically reversed, with loss costs reduced markedly.