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  • SVB’s chief executive Matthew Fosh welcomed the sale of its UK property underwriting agency Fusion to industry consolidator Towergate Underwriting Ltd last week.
  • Former Lloyd’s underwriter Richard Brindle is to set up a new Bermudian (re)insurer to target the post hurricanes rating environment.
  • New Bermudian reinsurer New Castle Re has received its initial ratings, A- (Excellent) for financial strength and a- for issuer credit, from agency AM Best.
  • Hiscox plc is set to become the latest Lloyd's insurer to establish a Bermudian licensed (re)insurer, Insider Week can reveal.
  • The online reinsurance trading company RI3K is threatening to throw down a gauntlet to Lloyd’s faltering electronic hub Kinnect, Insider Week’s sister publication The Insurance Insider reveals this month.
  • Bermuda’s latest wave of (re)insurance start-ups is set to be the most prolific yet, with Insider Week estimating that up to $10bn in capital could be raised by new (re)insurers following this season’s hurricanes.
  • Hiscox plc is set to become the next Lloyd’s insurer to establish a Bermudian licensed (re)insurer, Insider Week can reveal.
  • Gallagher Re has swooped for former Guy Carpenter managing director John Pagliaccio to head up its Global Analytics team in the US.
  • It was a mixed bag as the big three global brokers announced their third-quarter results last week.
  • Stricken (re)insurer Alea Group Holdings more than doubled its hurricane Katrina loss estimates and warned shareholders that it is developing contingency plans for any businesses it cannot sell.