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  • Speaking at Trading Risk’s event last month, Goldman Sachs’ Michael Millette provided an erudite description of the turmoil facing the capital markets.
  • Contrasting pictures were painted by late reporting Bermudian (re)insurers – depending on their vintage.
  • Although RBS' preference is to sell its insurance operations in one fell swoop, The Insurance Insider understands that it is considering listening to offers valuing the broker-only insurer NIG at around £500mn.
  • 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.