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  • AXA Group announced today (16 October) that it had agreed to acquire Greek insurer Alpha Insurance for EUR225mn.
  • Recently listed UK personal lines insurer Esure increased its gross written premiums (GWP) modestly to £124mn in the first quarter, a rise of 1.6 percent year-on-year.
  • A year ago there was a broad consensus within the industry that directors and officers (D&O) rates would stiffen this year, as recessionary and financial losses swept through the sector...
  • The Florida Department of Financial Services is seeking more than $20mn from Allianz and its Bermudian subsidiary Allianz Risk Transfer (ART) after alleging that the insurance group conspired to "loot" failed Floridian insurer Magnolia Insurance.
  • Investment banks are the architects of their own downfall through the collapse in the US sub-prime mortgage market, according to Warren Buffett.
  • The sudden departure of Marie-Louise Rossi from the International Association of Underwriting (IUA) led to suggestions her parting was less than amicable - a view the IUA refused to contradict.
  • Lloyd's has taken measures to ease the passage of brokers wishing to access the market as it continues to execute its rolling three-year strategy of delivering the "platform of choice".
  • Axis Capital last week revealed it is on the hunt for a chief financial officer (CFO), after announcing the resignation of incumbent David Greenfield.
  • Hannover Re is set to enter 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.
  • Credit Suisse bailed out after commissioning highly critical reports of the management and underwriting of HIH’s London operations five years before it collapsed HIH's London operations were mismanaged with business written “without appropriate infras