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  • Prudential's failed $35bn bid to buy American International Group (AIG)'s Asian business, AIA, was "a bridge too far" for the UK life insurer, according to Maurice "Hank" Greenberg.
  • A panel of brokers has advised the Florida Hurricane Catastrophe Fund (FHCF) that there is up to $5bn of reinsurance capacity available in the private market to shore up its defences in the face of a growing funding...
  • Claims from the New Zealand earthquakes are causing a number of legal cases that test insurance coverage issues, two New Zealand lawyers told International Underwriting Association (IUA) members in London late last month
  • CRC Insurance Services and Ryan Specialty Group (RSG) will lock litigating horns in April next year if a US judge agrees to a plan submitted by the former to launch charges of conspiracy and poaching against its rival.
  • Florida’s state insurer Citizens Property Insurance Corporation is to buy reinsurance in the private market for the first time in its history.
  • The first sign of the magnitude of last month’s Florida legislation for reinsurers has emerged with Bermudian RenaissanceRe paring back growth targets for 2007 managed property cat reinsurance...
  • Fears that the well of legacy transactions would run dry as tight credit conditions took hold appear unfounded, as the first half of 2008 yielded eight significant deals - maintaining the run-rate of the last two years.
  • Underwriters need to improve how they handle their transactions with brokers and maintain underwriting discipline to weather the soft market better, the Lloyd's performance director Tom Bolt has warned.
  • JLT shakes out potential suitors for Lloyd's insurer
  • Guy Carpenter has announced that it has named Liz Flynn as Global Chief Operating Officer (COO) as a replacement for Charlie Fry whose departure from MMC's reinsurance broker The Insurance Insider revealed in March.