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  • Former Brit space underwriter Simon Clapham has been signed up by Sciemus Limited as director of insurance, to work with the LibSat satellite consortium backed by Liberty Syndicate Management and a number of other Lloyd’s insurers.
  • Underwriters on Limit's Syndicate 386 have become some of QBE's highest paid employees following their multi-million pound bonus scheme.
  • German giant increases use of securitisations as retro costs rise German reinsurer Hannover Re revealed it has halved its coverage from the traditional retro market in its programme renewal as it released strong first quarter operating results...
  • Bermudian giant XL Capital announced the appointment of industry veteran Herbert Haag to its board of directors on Friday (9 June).
  • As first revealed in May's The Insurance Insider Personal Accident (PA) underwriter Paul Newson has joined Lloyd's managing agency Marketform.
  • The proposed WFUM pool scheme of arrangement, involving 16 different insurance companies, was granted leave to convene creditors' meetings by the UK High Court on 9 June.
  • South African broking group Alexander Forbes announced last Wednesday (7 June) that its CEO is to step down, it is in discussions with potential private equity buyers of the company, and that it is looking at options for its International Risk...
  • As predicted by this publication last week, Swiss Re today (12 June) announced the completion of its acquisition of GE Insurance Solutions (GEIS), creating the world's largest reinsurer.
  • Latest sidecar vehicle Bay Point Re - which will sit alongside Bermudian "Class of 2005" start-up Harbor Point - has received a BB debt rating for its $125mn debt facility from Standard & Poor's, along with a Baa2 debt rating from Moody's for the loan...
  • The Financial Services Authority (FSA) is set to implement rules that will enable sidecar-style securitisation transactions to be formed in the UK.