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  • Lord Peter Levene, chairman of Lloyd's, has lambasted those who question whether the competitiveness of the City should take precedence in the UK, insisting it is "an absolute priority".
  • Liberty Syndicates is one of the insurers exposed to the Willis errors and omissions (E&O) insurance relating to multi-million dollar settlements for the infamous London PA reinsurance spiral of the mid-to-late 1990s, The Insurance Insider has learned.
  • Buffy examines how this year's hefty pre-emptions may affect capacity auctions.
  • Mitsui Oil & Exploration has announced it will pay $45mn to the US Justice Department and around $25mn in total to Alabama, Florida, Louisiana, Mississippi and Texas for pollution violations, ahead of the Deepwater Horizon trial in two weeks.
  • Troubled Bermudian reinsurer PXRE reported a small third quarter net profit last week (8 November) as it said it continues to look for alternatives to what looks to be an increasingly inevitable slide into run-off.
  • Pressure for comprehensive legal reform in the US has grown with the American Bar Association (ABA) voting to back asbestos limit caps and the asbestos reform bill was introduced in the US Senate. This after President Bush called for changes to medical ma
  • Catlin's $150mn IPO Long Bay Re is withdrawn - the latest 2010 sidecar to remain on the grid
  • Lord Peter Levene, chairman of Lloyd's, has lambasted those who question whether the competitiveness of the City should take precedence in the UK, insisting it is "an absolute priority".
  • Lord Peter Levene of Portsoken, the outgoing chairman of Lloyd's, has been awarded the rare honour of a gold medal for services to Lloyd's for his role in re-cultivating the market's reputation and gaining access to new territories
  • The spectre of asbestos returned to haunt reinsurance giant Munich Re as it revealed in its full annual report a $600mn strengthening of loss reserves for related claims at its US operation.