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  • Australian insurer will need to bring shareholders back on side if it is to remain an independent company despite QBE walking away
  • Despite being spurned by IAG, QBE has told investors it plans to carry on with its M&A growth strategy and this might mean the insurer looks again at RSA.
  • UK-listed intermediary Jardine Lloyd Thompson (JLT) could pay up to £8mn for independent London market (re)insurance broker Harman Wicks & Swayne (HWS), The Insurance Insider understands.
  • Former Catlin UK CEO Andreas Loucaides has resigned from the group to take up a new post at Lloyd's insurer Jubilee subject to regulatory approval, The Insurance Insider can reveal.
  • Tensions are brewing between Lloyd’s underwriting supremo Rolf Tolle and at least two managing agents over demands for more performance management data as the market heads deeper into the soft cycle, The Insurance Insider has learnt.
  • The 1 June Florida property cat renewal is expected to have produced average rate reductions of around 15 percent, according to a report from reinsurance broker Guy Carpenter.
  • The private equity owned run-off insurers Seaton Insurance Co and Stonewall Insurance Co have appealed against a New York court decision last month which prevents them from pursuing a claim against a Randall & Quilter (R&Q) affiliate in the US.
  • 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.
  • Lloyd's insurer Novae Group has put its legacy run-off business out to tender in a move that could see the firm finally free itself from the shackles of its past, The Insurance Insider can reveal.
  • Bermudian-headquartered reinsurer PartnerRe Ltd is to issue $250mn in a bid to repay debt.