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  • Amlin Bermuda has picked up underwriter Richard Holden from Wellington Underwriting plc following the Lloyd’s insurer’s merger with rival Catlin.
  • Reinsurance giant Swiss Re expects to save up to SFr500mn ($413.2mn) in capital following the planned centralisation of its European legal entities to Luxembourg.
  • Guy Carpenter has become the latest reinsurance broker to launch an index-based property catastrophe reinsurance product as an alternative to traditional risk transfer.
  • Ark Syndicate 4020 has become the latest start-up to gain Lloyd’s approval, with 2007 stamp capacity of £114mn and backing led by Jeff Greenberg’s Aquiline Capital Partners LLC.
  • PXRE Group Ltd CEO and president Jeff Radke will leave the reinsurer on completion of its reverse merger with US insurer Argonaut Group, the company has revealed in a filing with the Securities & Exchange Commission.
  • Ark Syndicate 4020 has become the latest start-up to gain Lloyd’s approval, with 2007 stamp capacity of £114mn and backing led by Jeff Greenberg’s Aquiline Capital Partners LLC.
  • Shares in Chaucer Holdings plc were up almost 6 percent to 99p in trading this morning (19 March) as the Lloyd’s insurer impressed analysts with record pre-tax profits of £86mn and return of equity (ROE) of 37.7 percent.
  • “Class of 2005” Bermudian reinsurer Validus Holdings Ltd has bolstered funds as it announced it has entered into credit agreements totalling $700mn with a syndicate of lenders.
  • Lloyd's received the long-awaited approval for its new Chinese onshore reinsurance operation from regulators on Wednesday (14 March).
  • After moves by Florida lawmakers to effectively nationalise the state’s hurricane catastrophe fund in January, political momentum appears to be growing behind proposals to establish a nationwide catastrophe reinsurance programme in the US tied to cuts in