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  • The protection and indemnity (P&I) clubs are restraining 2010 premium increases to a 5 percent average, as their investment portfolios recover and shipowner members grapple with depressed freight markets.
  • Jardine Lloyd Thompson (JLT) has continued to lure senior Aon executives to bolster its Asian and aviation resources...
  • Catlin's $150mn IPO Long Bay Re is withdrawn - the latest 2010 sidecar to remain on the grid
  • UK general insurer Royal & Sun Alliance (RSA) bounced back to a profit of £638mn for 2007 despite taking a hit from last summer’s UK floods.
  • A controversial proposal to reform the US National Flood Insurance Program (NFIP) by adding wind coverage has been given the green light in the House of Representatives.
  • Accounting firm KPMG and Countrywide Financial - the subprime mortgage lending giant acquired by Bank of America - have together agreed to pay former investors $624mn in one of the largest settlements in US history. KPMG, Countrywide agree giant subprime settlement
  • Groupama is in line for another downgrade of up to two notches just five months after it lost its A- rating from Standard & Poor's (S&P). The firm continues to be challenged by volatile capital markets and its exposure to sovereign debt.
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.
  • After a brutal first quarter for its stock price, Swiss Re shares continue to be buoyed by supportive equity analysts with Dresdner Kleinwort and JP Morgan both posting upbeat comments in the past two weeks.
  • The London-based wholesale broker SBJ Global Risks is to spin-off in a management led buy-out little more than a year after AXA bought its parent in a deal estimated at £158mn.