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  • Following the path of hedge-fund start-ups such as Bermudian Max Re Capital, set up in 1999 by Moore Holdings LLC, and successors CIG Re and Glacier Re, a number of standalone "unicycle" vehicles have emerged post-Katrina in search of direct access to pot
  • Bob Clements’ Ironshore Ltd provides a further $1bn of scarce cat capital
  • With predictions that 2007 could be an eventful year for insurance M&A, Prudential, R&SA and Standard Life lead the list of possible targets…
  • Mitsui appoints PRO for US business; Capita in short-list for Axiom sale; Bridges appointed to Quanta board; Cane appointed Whittington Europe CEO
  • Equitas' senior executives will share a bonus pool of £10.4mn once the landmark agreement with Berkshire Hathaway is finalised, it was revealed last month.
  • UK regulator the Financial Services Authority (FSA) has pledged to review the market’s progress on contract certainty again this month.
  • Apparent tensions between Catlin Group and AM Best re-surfaced last month with the rating agency maintaining its negative implications stance on the group despite the unconditional declaration of its takeover of Wellington Underwriting plc.
  • Glencairn acquisition fee could be over two times brokerage dependent on performance
  • Windsor plc, the UK-quoted insurance broker in management buy-out talks, announced a small dip in profits for the year ending 30 September 2006.
  • The pricing differences prevalent through 2006 continued during the important 1 January reinsurance renewals with US cat exposed property lines maintaining an upwards trajectory while other classes and territories under pricing pressure.