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  • The number of Bermudian insurance start-ups has increased by nearly a third in 2011 thanks to a spike in the number of special purpose insurers set up after the run of insured natural disasters early in the year.
  • Arrival of Sirocco Re and Timicuan Re takes post-Katrina sidecars over $3bn Lancashire Holdings became the latest company to launch a sidecar with Sirocco Re, a $95mn capitalised vehicle, which will write a quota share of the "Class of 2005"...
  • Australian insurer QBE has warned that the global insurance market is likely to remain soft for the next 12 to 18 months.
  •  Allied World opens in Singapore; Maiden agrees GMAC quota share with American Capital
  • There was more insurance industry courtroom drama last week with a mammoth case management conference for the film finance litigation.
  • Despite strong results, Axa SA has received a target price downgrade from Collins Stewart analyst Tim Young after concerns about continuing dollar weakness, asset market turmoil and the possible acquisition of Friends Provident.
  • US property catastrophe specialist RenaissanceRe has slashed its Californian earthquake exposures by 75 percent because it believes rates no longer reflect the risk of a major catastrophe.
  • A September ruling by a US federal judge could prove central to a 20 November lawsuit brought by five Ohio pension funds against the "big three" rating agencies.
  • Companies who think more astutely about managing their risk exposures will reduce the volatility in the cost of financing risk, according to a report by broker Marsh.
  • Russian-backed private equity firm Pamplona Capital Management is still awaiting approval from UK regulator the Financial Services Authority (FSA), after conditionally building a 16.27 percent stake in Lloyd's insurer Chaucer last month.