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  • The changing of the guard among London’s mid-tier brokers continued last week after RFIB Group Ltd confirmed it had undertaken a management buy-out financed with private equity support.
  • Energy industry mutual Oil Insurance Ltd continued to see its membership decline as it confirmed last week that 13 more companies are set to leave.
  • The key to effective capital management in a softening market is underwriting discipline, according to Catlin Group CEO and deputy chairman Stephen Catlin.
  • Acquisitions of rival (re)insurers are potentially less risky than organic growth in a softening market, according to Nick Johnson, senior insurance analyst at Numis Securities.
  • Bermuda-based life reinsurance specialist Scottish Re Group hopes to complete its $600mn rescue deal with two private equity firms within the next four weeks.
  • US insurer Allstate Insurance has been ordered to pay $2.8mn to a Louisiana man whose home was destroyed by Hurricane Katrina.
  • Strong results prove SCOR bid undervalued, says Swiss rival
  • Catlin Group underwriter Matthew Yeldham has become the latest ex-Wellington Underwriting employee to leave the group after it was confirmed he would be joining Bermudian firm Aspen Insurance Holdings Limited as its head of International Insurance.
  • David Shipley, one of Lloyd’s leading underwriters, has stepped down from the syndicate he founded in 2000.
  • Last week’s shock decision by Standard & Poor’s (S&P) to downgrade IPCRe from A to A- has been questioned in some quarters and sent out a strong message to peers with a focus on volatile catastrophe reinsurance business.