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  • Equitas has completed its landmark reinsurance transaction with National Indemnity Company, part of Warren Buffett’s Berkshire Hathaway group, on 27 March.
  • Steering Marsh and McLennan Companies (MMC) through the difficult post-Spitzer years has led to rich rewards for the company's president and chief executive Michael Cherkasky, who received total compensation valued at $8.65mn last year.
  • Lloyd's-based insurers joined their peers in Europe and across the Atlantic in giving additional capital back to their shareholders - a strategy that may be seen as a demonstration of commitment to underwriting discipline as the cycle turns.
  • Following Fitch Ratings' move to upgrade its insurance financial rating on Lloyd's to A+ as the first phase of the Equitas deal closed, industry-watchers will be waiting to see if rival Standard & Poor’s (S&P) follows suit.
  • If, as expected, its proposed reverse merger deal with Argonaut Group successfully concludes this summer, Bermudian reinsurer PXRE will have completed a remarkable turnaround.
  • Sciemus Ltd, which last year entered the satellite insurance market with the $250mn LibSat consortium, is looking to replicate the model on a larger scale in power, The Insurance Insider can reveal.
  • Ark starts trading; Leinster misses 1/4 deadline on capital shortfall
  • The prospect of another controversial defection among leading faculatative reinsurance brokers emerged this month with news – first revealed by The Insurance Insider – that Integro Ltd has poached a trio of senior Guy Carpenter executives...
  • Capita, the giant UK outsourcing firm, has completed the acquisition of run-off consultants Claims Management Group Ltd (CMGL) for consideration of £32mn from UK private equity firm Sovereign Capital Partners LLP.
  • A principles-based rather than a rules-based approach not just to regulation but to running the entire industry should be embraced by the industry, according to Joe Plumeri, chairman and CEO of Willis.