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  • Start-ups and pre-emptions suggest 2007 expansion
  • Hiscox $360mn sidecar Panther Re receives rating; Alchemy Partners looks to Lime Street for gold; R&SA in line with Q3s; buys UK agency; Endurance pulls out of offshore energy; UK trial date set for ‘Independent Three’; FSA accepts sidecar applications...
  • There are still hurdles to be overcome – not least the threat of awkward policyholders. But the structure of the landmark $7bn deal should see off threats
  • AIG beats earnings forecasts American International Group (AIG), the world’s largest insurance company by value, unveiled strong third quarter results on the back of a benign 2006 claims environment.
  • Munich Re, the world’s second largest reinsurer, raised full-year earnings forecasts and announced a EUR1bn share buy-back – its first ever, equivalent to 3.4 percent of its share capital – as it became the latest industry carrier to benefit from benign c
  • USI Holdings’ admission at the end of October that it was mulling a private equity buyout offer reflects a growing interest in the broking sector from the investment community.
  • AXIS Capital Holdings Ltd confirmed earlier this month that John Charman, its founding president and chief executive, will sell down his holdings in the company for personal reasons.
  • Sean Dalton and Andrew Elliott, the former managing director and head of underwriting at one of Lloyd’s largest (re)insurers Liberty Syndicates, are planning to form a new syndicate, The Insurance Insider can reveal.
  • Lloyd’s gatekeeper Rolf Tolle has to tread a fine line between allowing fresh start-ups across his threshold and being too restrictive. To ensure vibrancy, the market needs fresh blood but too much can lead to downward rating pressures and excessive compe
  • While Bermudian (re)insurers uniformly booked strident third quarter results, as soaring cat rates post-Katrina combined with a virtually loss-free hurricane season...