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  • Failed Bermudian (re)insurer Quanta Capital Holdings is to be sold in a $197mn deal to Catalina Holdings (Bermuda), the run-off acquisition company headed by former GoshawK chief executive Chris Fagan.
  • Tensions are brewing between Lloyd’s underwriting supremo Rolf Tolle and at least two managing agents over demands for more performance management data as the market heads deeper into the soft cycle, The Insurance Insider has learnt.
  • Former Quanta Syndicate among targets as Bermudian continues search for Lloyd's platform
  • With almost $1bn of cat bond capital issued in May and another $500mn+ in the pipeline, the market is buoyant once again after the slow start to 2008
  • Trio of brokers approach traditional and collateralised capacity as official hurricane season begins on 1 June
  • Although RBS' preference is to sell its insurance operations in one fell swoop, The Insurance Insider understands that it is considering listening to offers valuing the broker-only insurer NIG at around £500mn.
  • The Royal Bank of Scotland (RBS) has extended the deadline for the first round of bids for its insurance division, following apparent dwindling interest in the units.
  • Lloyd's publicly traded insurers echoed the themes emerging in Q1 results from their US, Bermudian and European (re)insurance rivals with a flurry of May trading statements that talked of softening rates, pressure on investment returns and higher than...
  • Lloyd's insurers may be free to operate without annual venture restriction following HM Treasury guidance
  • The Virgin group successfully gained a reduction in rates for two of its three airlines in the May renewals as the market continues its struggle to get airborne.