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  • After just two years of trading, Catlin's bid to become the Direct Line of commercial SME business through its cover holder Brighter Business Ltd has ended and the company is now in run-off, The Insurance Insider has learnt.
  • With almost $1bn of cat bond capital issued in May and another $500mn+ in the pipeline, the market is buoyant once again after the slow start to 2008
  • Trio of brokers approach traditional and collateralised capacity as official hurricane season begins on 1 June
  • The staff-poaching dispute between UIB and Marsh is to be heard before the Commercial Court on 30 June.
  • Speculation over the future of Amlin’s star head of underwriting, Tony Holt, has further intensified after it emerged that the market veteran has sold the vast majority of his shares in the Lloyd’s insurer.
  • The insurance linked securities (ILS) sector is a rare jewel that stands out from the credit market turmoil, according to market leaders speaking at Trading Risk's inaugural Executive Briefing event last month.
  • Berkshire Hathaway was not immune to the twin assault of the softening market and credit fallout as first quarter net profits dropped by around 64 percent to $940mn.
  • The Royal Bank of Scotland (RBS) has extended the deadline for the first round of bids for its insurance division, following apparent dwindling interest in the units.
  • The trend that has seen many (re)insurers hand back significant chunks of capital to shareholders continues in earnest which has even led to comparisons of early 2005.
  • Lloyd's publicly traded insurers echoed the themes emerging in Q1 results from their US, Bermudian and European (re)insurance rivals with a flurry of May trading statements that talked of softening rates, pressure on investment returns and higher than...