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  • Liberty Syndicate Management has signed up satellite manufacturer Intelsat Corp to provide technical support to its satellite insurance underwriting.
  • German insurance giant Allianz SE has issued EUR155mn and $65mn of European windstorm cat bonds through a newly created EUR1bn shelf vehicle, Blue Fin Ltd, as predicted by The Insurance Insider last month.
  • While the majority of US and Bermudian (re)insurers reported third quarter results that benefited from continued prior-year reserve releases, a number were also impacted by unfavourable development on long-tail business, including asbestos and workers' compensation.
  • Lloyd's managing agency Spectrum Syndicate Management Ltd appointed Mark Everest as legal counsel on 1 September.
  • Bermudian (re)insurer Lancashire Group's head of retro, Bryan Bumsted, has resigned to join George Soros-backed Q Re, Trading Risk revealed late last month.
  • As Amlin, Beazley, Catlin and Hiscox kicked off the Lloyd’s listed vehicles’ 2005 reporting season, analysts at Keefe, Bruyette & Woods Ltd (KBW) noted good prospects for the sector based on recent trading statements, despite the record hurricane...
  • Lockton International, the rebranded former Alexander Forbes International business, has recruited Julian James, the director of Lloyd’s, Worldwide Markets.
  • The institutional investors heavily burned by the collapse of broking house MF Global include hedge fund eminence grise Chris Flowers, who is facing loses of $47.8mn on his stake, according to Bloomberg.
  • It was a mixed bag as the big three global brokers announced their third-quarter results last week.
  • Goldman Sachs has confirmed that it is considering a sale of a majority stake in its reinsurance business as it grapples with regulatory capital changes under Basel III in a move first revealed by The Insurance Insider.