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  • German reinsurance giant Munich Re is approaching the capital markets for the second time in a month, with a EUR150mn European windstorm cat bond, Queen Street, our sister publication Trading Risk revealed.
  • Towergate's executive chairman Peter Cullum is reportedly in talks with private equity group Candover over the potential sale of a 25 percent stake in the intermediary.
  • The UK broking sector is set for further M&A activity after consolidator Giles Insurance Brokers Ltd was handed a £500mn acquisition fund following private equity fund Charterhouse Capital Partners' buyout of the firm.
  • Swiss Re's 20 percent, five-year P&C quota share reinsurance deal with Berkshire Hathaway continues to intrigue, despite the Zurich-headquartered reinsurer providing greater detail with its 2007 results last month.
  • The proposed abolition of Lloyd's broker status to allow the market to accept business from a wider pool of intermediaries is just one suggested amendment to the legislation governing the Society.
  • French insurance giant AXA's UK subsidiary has continued its acquisitive march through the UK broking landscape with an accepted offer to buy 100 percent of broker SBJ Group Ltd for £158mn.
  • Former RenaissanceRe executive Michael Cash is planning a return to the market with the launch of a new, unrated reinsurance vehicle, Juniperus Partners.
  • Stephen Matanle, the long-standing Marsh executive who left the firm last month as part of a widespread restructuring, has joined Libero Ventures Ltd, the new Lehman Brothers subsidiary.
  • Bermuda-headquartered (re)insurer Catlin Group Ltd reported an 8 percent increase in combined earnings to $462mn for 2007, on the back of the integration of acquired London (re)insurer Wellington Underwriting...
  • Stephen Matanle, the long-standing Marsh executive who left the firm last month as part of a widespread restructuring, has joined Libero Ventures Ltd, the new Lehman Brothers subsidiary.