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  • Defunct (re)insurer Alea Group Holdings Ltd revealed last month that it had the support of 55 percent of its shareholders to support a £162mn buy-out bid from the private equity-backed FIN Acquisition Ltd (FIN).
  • Within the run-off industry, you do not have to travel far to hear complaints over poor service provided by brokers on discontinued accounts.
  • Ever since 14 October 2004 – the date New York attorney general Eliot Spitzer stunned the industry with his complaint against MMC - Willis Corp has attempted to distancing itself from the furore over contingent commissions.
  • Reinsurers were given cheer – and some guidance – in the UK High Court regarding “follow the settlement” clauses.
  • After a pause caused by events in Florida, the industry is again repackaging its risks onto the capital markets. Indeed, the number of shelf registrations reflects the vibrancy of the ILS market...
  • Benfield Group’s expansion into primary lines is continuing to provoke concerns about the reinsurance broker’s prospects.
  • AXIS Capital Holdings Ltd (AXIS) announced strong results for the first quarter 2007, citing new reinsurance business in the US and Europe as the main driver.
  • Former Endurance Specialty Holdings Ltd executive David Cabral has teamed up with US excess and surplus (E&S) lines insurer Rockhill Holding Company in seeking approval to launch a Lloyd’s casualty syndicate, The Insurance Insider can reveal.
  • Former Royal & Sun Alliance (R&SA) US subsidiary, Royal Indemnity, has been ordered to pay defence costs in its increasingly acrimonious asbestos dispute with General Motors (GM).
  • The impact of legislative actions in Florida earlier this year was reflected in the top line shrinking by 18 percent at RenaissanceRe Holdings Ltd as the reinsurer reported first quarter figures.