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  • Hiscox plc has become the first Lloyd’s insurer to carry out a sidecar transaction, confirming its Syndicate 33 has entered into a quota share reinsurance arrangement with $360mn Bermudian reinsurance vehicle Panther Re, a deal first revealed in the Octob
  • Private equity giant 3i Group plc has hired a team led by Bruce Carnegie-Brown, the former Marsh executive who left the firm suddenly in May this year.
  • Lloyd’s insurer Chaucer Holdings Plc has launched a new Lloyd’s Syndicate that will provide some £75mn ($148mn) of US catastrophe capacity.
  • Willis Group Holdings Limited is to lose a member of its senior management as the broker confirmed that Tom Colraine is to leave the firm after 18 years.
  • Amlin's decision to cut back on reinsurance spend appears to have paid off handsomely with the group's share price rising over 6 percent today (29 November) to a new high on the back of an upbeat trading statement today.
  • Reinsurance broker Guy Carpenter is leading a consortium of brokers, including Aon Corp and Jardine Lloyd Thompson, which will place Brazil’s largest property contract in the January renewals.
  • Industry legend Hank Greenberg and his Starr companies have sold over 27 million shares in his former company, American International Group (AIG), since May.
  • AIM-listed Heritage Underwriting Agency plc announced on 24 November that it has raised £14.6mn in a share placement.
  • Resurgent French (re)insurer SCOR has been upgraded back to "A" territory again, this time by Fitch Ratings on 20 November, a day ahead of the closure of its acquisition of life reinsurer Revios.
  • US insurer The Hartford Financial Services Group has issued a $247.5mn cat bond, Foundation II, to protect the company in the event of certain US natural catastrophe losses.