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  • Hannover Re is to open a branch office in Bahrain to support the (re)takaful business it opened in the kingdom last year.
  • Companies who think more astutely about managing their risk exposures will reduce the volatility in the cost of financing risk, according to a report by broker Marsh.
  • Lloyd’s listed company Amlin plc became the latest insurer to obtain greater control of its distribution networks when it acquired the underwriting agency Allied Cedar Insurance Group last week.
  • UK motor insurer Highway Insurance Holdings plc said last week that its broking subsidiary has agreed to spend ÂŁ2mn on a book of 32,000 private car policies from Budget Group-owned intermediary Local Broker.
  • Bermudian (re)insurer Validus Holdings said last week it expects to raise around $311mn in net proceeds assuming an offer price of $25 in its forthcoming initial public offering (IPO).
  • Lloyd’s insurer Kiln plc has revealed its intention to drop the capacity of its four syndicates by 14 percent to ÂŁ847mn next year in the face of the cycle downturn.
  • Lloyd’s insurer Ascot Underwriting has established a renewable energy operation, Renewco Underwriting, it announced today.
  • Rates continue to fall at the 1 July reinsurance renewal season, as insurers add to the pain of increased competition by electing to retain more, according to Wills Re’s reinsurance renewal review published today.
  • Gerling at Lloyd’s has been sold by its German parent to Caribbean financial services group Sagicor.
  • AIM-listed Lloyd's insurer Heritage Underwriting Agency plc has bolstered its ranks with the hire of international general liability underwriter Mark Aaron from ACE.