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  • UK run-off management company Tawa announced a round of redundancies within its 90 staff in London last week, fuelling sentiment that the discontinued business sector is heading towards greater consolidation and streamlining of its resources.
  • Bermudian giant XL Capital is to float its financial guaranty business in an initial public offering (IPO) on the New York Stock Exchange, the (re)insurer revealed in a statement on 7 April. Funds raised will be used to boost capital and to...
  • German reinsurers Munich Re and Hannover are understood to have exposure to the 15 February head-on collision between two passenger trains in Belgium.
  • The sale of German state-owned run-off group BF Rückversicherung has taken a further twist following news that the joint bid by GLOBAL Rück and Randall & Quilter (R&Q) is no longer being actively considered, The Insurance Insider can reveal.
  • Listed London market reinsurance intermediary Jardine Lloyd Thompson (JLT) is in advanced talks to purchase independent broker Harman Wicks & Swayne (HWS), The Insurance Insider understands.
  • But Kinnect CEO is upbeat on the venture’s longterm prospects... Business process reform in the Lloyd's market is still at a rudimentary stage and the situation is unlikely to improve within the next two to three years, the Franchise Board's Franchise
  • Newly-listed Tawa plc has raided outsourcing firm Axiom Consulting as it strengthens its asbestos, pollution and health hazard (APH) team.
  • Start-up (re)insurer Lancashire Holdings has parted company with vice-president Alex Richards, the former Renaissance Re underwriter, who joined the company at the end of last-year. Richards was part of chief executive Richard Brindle’s start-up...
  • Peach Holdings, a life settlement company, is set to become the latest foreign financial services company to list on the London Stock Exchange’s Alternative Investment Market, Insider Week can reveal. According to sources, Peach Holdings will list...
  • A further sign that rate increases is not a universal panacea for the industry's ills occurred with the announcement that German industrial insurer and reinsurer has been put up for sale by its owners Deutsche Bank and Rolf Gerling. The move followed two