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  • Insurance Australia Group’s determination to buy UK motor insurer Equity led to the firm paying around 10 percent more than it had initially bid, The Insurance Insider can reveal.
  • Thunderbird Re, the pioneering transaction set up by Lloyd's to ease managing agents' access to the capital markets, has yet to take flight with no deals on the table in advance of the 1 January renewal date.
  • US insurer The Hartford's renewal of its Foundation cat bond, and rival Allstate’s planned 2007 cat bond – together with the landmark mortality securitisation by French giant AXA last month – are further evidence of strong and sustained demand in what has
  • The burgeoning Asia Pacific market has attracted a $565mn capitalised Singapore-based reinsurance start-up, Asia Capital Re.
  • Randall & Quilter Group Investment Holdings Ltd (R&Q), the UK-based acquirer of run-off businesses, confirmed on 6 December that Ancon Insurance had become its fifth acquisition of 2006.
  • Kiln is understood to have ruled out an offer to buy back syndicate capacity from Names but has declined to comment on whether the decision is connected to the generous offer by Catlin to Names on takeover target Wellington’s Syndicate 2020, which effecti
  • Advent launches Bermudian reinsurer; Syncro agrees first Lloyd’s deal; Benfield sells Lancashire stake; Ex Marsh CEO joins buy-out firm; Barclays insurance head joins Benfield; Lockton International swoops for senior Marsh duo; Liability premiums to...
  • The European Commission will publish its eagerly awaited interim report into brokers' remuneration practices in January 2007.
  • A softening market and investor pressure could kick start long awaited M&A activity
  • David Foreman, the former underwriting chief at Lloyd’s insurer Wellington Underwriting, has teamed up with a duo of defectors from Aspen Insurance Holdings Ltd in a bid to launch a new London market (re)insurer, according to sources.