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  • Ex-Liberty Syndicates duo Sean Dalton and Andrew Elliot are poised to launch the latest reinsurance-to-close (RITC) Lloyd's syndicate, with funding to write in excess of £100mn of transactions on open years, The Insurance Insider can reveal.
  • Reinsurance broker Guy Carpenter is to set up an office to capitalise on the growing central and eastern European market.
  • Run-off (re)insurer Alea Group Holdings has agreed to "fully and finally" commute all exposures under an excess-of-loss reinsurance treaty which will see the firm record a net loss of around $8.8mn in the 2007 fourth quarter.
  • Bermudian corporate asbestos liability risk reinsurer St George Re is set to begin trading offering US companies protection against asbestos claims, the company confirmed.
  • Angus Simpson has resigned as managing director of London market broker Glencairn Ltd after 10 years at the firm.
  • Lloyd's insurer Amlin plc has seen its premium income drop 7 percent so far at the January renewals reflecting weaker market conditions.
  • Aon Ltd completed as much as 80 percent of its London market 1 January treaty reinsurance renewal placements electronically through the RI3K trading platform, according to the broker.
  • Despite falls in UK insurance stocks over the last six months, valuations broadly remain ahead of their US and Bermudian property casualty counterparts, according to research by Numis Securities.
  • Florida's insurer of last resort, Citizens Property Insurance Corp, is mulling the prospect of buying reinsurance cover to protect itself against this year's hurricane season, Insider Week can reveal.
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP