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  • Validus Holdings said it will use "all available means" - including the Bermuda legal system - to win over IPC Holdings shareholders, after its offer for the cat specialist was rebuffed by the reinsurer's board.
  • Lloyd’s broker RFIB Group Ltd has snapped up Hugh Champion from Heath Lambert Group to drive its expansion in facilities and binding authority business.
  • Italian insurer Generali and Czech financial services company PPF Group NV have set up a central and eastern European joint venture with combined assets of EUR5.1bn that creates the region’s biggest insurer.
  • UK mega consolidator, Towergate Partnership has agreed a £95mn cash offer for Yorkshire-based Broker Network Group today (27 November).
  • In what would appear to be a further flexing of Franchise Performance Directorate muscle, Dex Services announced on 25 November that its Syndicate 2241 was pulling out of the Lloyd's market, ceasing underwriting at the end of 2003. Managed by Thomas Mi
  • New York-listed consultancy giant Towers Watson has appointed Rory O'Brien as head of its global risk consulting and software unit
  • Ron Sandler has rejected a number of approaches from Lloyd's to take over as chairman of the Society when Lord Levene of Portsoken steps down next year, The Insurance Insider can reveal.
  • Tysers has bucked the trend for small to mid-size London broker sales to larger rivals and private equity investors, after completing a management buyout transaction it says will secure its independence.
  • The theft of iconic Edvard Munch’s paintings The Scream and Madonna from Oslo gallery, Norway over the weekend will not lead to an insurance loss because they were not covered.
  • Montpelier Re has continued to build its US operations with the launch of a new direct property facultative division to write business on behalf of its Lloyd’s Syndicate 5151.