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  • Sovereign non-payment is a growing threat to international business in 2011, according to Aon Risk Solutions
  • The international reinsurance community is likely to face only $12bn-$15bn losses from the Japanese earthquake and tsunami, according to Towers Watson.
  • Former American International Group (AIG) chairman and CEO Maurice "Hank" Greenberg and his one-time CFO Howard Smith have buried the hatchet with AIG, settling all their long-running legal battles.
  • Aspen Re, the London market reinsurer spun-out of the Lloyd's insurer Wellington Underwriting last year, is planning to reward its private equity backers by floating in the US later this year. Although less than a year old, Aspen plans to follow in the
  • With attention shifting towards allocating responsibility for the Deepwater Horizon disaster ahead of an expected avalanche of liability claims, a US Congressional committee has found that there were a number of significant problems with the oil well's key safety mechanism.
  • The ILS market is regaining its impetus after a mid-year slowdown, with forecasts of a $2bn-$2.5bn bumper fourth quarter.
  • Following last week’s early-announcers, Bermudian and US (re)insurers are continuing to unveil third quarter figures badly damaged by the quartet of hurricanes hitting the Caribbean and Florida in September and October.
  • AIG has confirmed that a $10bn share offer is underway as the US government begins to exit its stake in the firm.
  • French (re)insurer Scor is seeking to reduce its 97-98 percent near-term combined ratio by saving on its retrocession purchase, according to a recent analyst report.
  • Insolvent corporate capital providers cost market dear The Lloyd's Central Fund has now paid more than $1bn on behalf of insolvent corporate capital providers who have left the market with outstanding liabilities. Last month the Society revealed tha