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  • Shares in Benfield Group began conditional trading on the London Stock Exchange on Friday morning as the company announced the pricing of its IPO at 250p per share.
  • Natural risk takers generally don’t do well as managers of public companies, according to seasoned entrepreneur Stelios Haji-Ioannou, the man who brought us easyJet and easyCar.
  • Hannover Re, the world’s fifth largest reinsurer, has responded to concerns over its geared capital base by raising EUR500mn in two equity offers last week.
  • Private equity firm Electra Investment Trust has halved the value of its stake in the broker HLF Group because of its decision not to pursue an IPO for the time being.
  • The Lloyd’s insurer Trenwick Managing Agency (TMA) is on the verge of announcing that it has successfully raised funds to buy-out the business from its distressed Bermudian parent, Insider Week can reveal.
  • Total payouts fall, but shrinking surplus and deteriorating solvency margin as balance sheet weakens
  • Endurance received its second ratings endorsement in as many weeks last Thursday, as the Bermudian (re)insurer was granted an A- rating from Standard & Poor’s.
  • The rating agency Fitch is bullish on the Australian insurer QBE insurance Group’s prospects as it assigned an A+ long term rating, outlook stable.
  • Lloyd’s (re)insurer Chaucer’s plans to merge its syndicates 587, 1084 and 1096 into one have met with a mixed reception.
  • Divided House likely to call time on Hatch plans as “best opportunity in a decade” slips away