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  • The resurgence of reinsurance as a stable form of capital is seeing Europe's P&C reinsurance giants enter into more transactions with stretched life insurers.
  • Lloyd’s insurer Amlin plc remains a leading runner in the race to acquire rival Chaucer Insurance Holdings, after making an offer which values the firm at around £280mn, The Insurance Insider can reveal.
  • Static premium rates for lead hull & liability during June disguised an underlying trend in following markets that will see many airline operators find their cost of insurance higher than last year, according to broker Aon.
  • Barbados-based Imagine has had its A- financial strength rating and a- credit rating put on negative outlook by AM Best following a review of the reinsurer’s acquisition of Danish Re and current uncertainty surrounding the finite reinsurance market.
  • The biggest risk to prospects of recovery from the recession and global economic slump is the potential for the global bond market to break down, according to Standard & Poor’s (S&P) chief European economist, Jean-Michael Six.
  • (Re)insurers are facing the possibility of a property and business interruption loss after last week's train crash on the Washington Metro, in a programme placed by Aon, The Insurance Insider's sister publication Inside FAC reports.
  • CV Starr has emerged as one of a number of candidates targeted by Lehman Brothers to buy a stake in the credit crunch-hit investment banking giant.
  • Max Capital has revealed a negative return of approximately 20 percent on its alternative investment portfolio for 2008, prompting unrealised asset write-downs of around $233mn and a full-year loss and negative net operating return on average shareholders
  • Willis revealed last week that the Chinese Insurance Regulatory Commission (CIRC) had approved its 50 percent acquisition of Shanghai Pudong Insurance Brokers Ltd, giving the group a significant strategic platform to exploit the region’s growth potential.
  • American International Group (AIG) is considering setting up a new company in which to dump toxic assets that have so far led to more than $25bn of write-downs in its financial products division (AIGFP).