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  • Indemnity style triggers have become an established feature of insurance-linked securities (ILS) and the trend is likely to continue, predicted the president of Aon's capital markets division, Paul Schultz.
  • The start-up Lloyd's insurer Ark Syndicate Management will add accident & health to its list of classes next year following its swoop for senior class underwriters at St Paul Travelers Syndicate 5000 and American International Group (AIG).
  • Bermuda is set to welcome Iron Re – a class 3 (re)insurer for corporate asbestos liability risk backed by hedge funds – according to documents seen by The Insurance Insider.
  • Chaucer Holdings plc has confirmed a new £135mn private equity-backed Lloyd’s syndicate – Antares Syndicate 1274 – to take on the London market portfolio of WürttUK, as first revealed by The Insurance Insider last month.
  • Robert Bredahl, the global head of Benfield Advisory and president of Benfield Inc, has sold all of his stock in the reinsurance intermediary.
  • Between cocktails and canapes (and back-to-back meetings) a guestlist of industry rainmakers debate the growing role of non-traditional players, fears over increased government intervention in the private reinsurance sector, the sub-prime effect and Trading Risk platforms...
  • Our pre-Monte Carlo executive briefing highlights the expanding horizons of Trading Risk, focussing on capital markets solutions available to reinsurance buyers, such as cat bonds, ILWs, and cat futures, as well as the post-Katrina phenomenon of the sidecar...
  • Failed (re)insurer Goshawk Insurance Holdings PLC has announced post-tax profits for the first half of 2007 of $1.7mn up from the $2.6mn loss it reported for the same period last year.
  • Colemont Global Group, the international arm of US wholesaler Colemont Corporation, announced the acquisition of a majority share in a leading Brazilian aviation broker last week.
  • A class action bid-rigging suit against a number of commercial insurers and brokers has failed to show the industry players were guilty of fraud under federal racketeering statutes or that they violated federal anti-trust laws...