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  • The US economy woes are set to continue and worsen as it faces a one-in-100-year crash similar to the 1929 stock market meltdown that preceded the Great Depression, according to Prem Watsa, head of Fairfax Financial Holdings.
  • Scottish judge Lord Glennie's comments on the fundamental issue of fairness effectively halted the Scottish Lion solvent scheme of arrangement and could block progress on schemes currently in the pipeline, according to industry experts.
  • In its first full year of trading, the private equity backed Lloyd's insurer group Ark Insurance Holdings posted a $18.6mn profit.
  • Laptop, The Insider's resident Lloyd's Name, analyses the proposed Lloyd's reforms and explains why he voted 'No' at the 12 September Lloyd's EGM On 19 July, 16,000 copies of the 56- page Consultation Document were distributed by Lloyd's. The document
  • Specialty US insurer The Hanover has lodged a £313mn ($510mn) all cash bid for Chaucer that has been accepted by the Lloyd's carrier
  • Swiss Re has withdrawn from negotiations with private equity firm CVC Capital Partners over its proposed purchase of Royal Bank of Scotland's (RBS) insurance assets, The Insurance Insider can reveal.
  • Marsh has formed an international practice for all nuclear clients based outside North America, in an attempt to capitalise on the renewed global appetite for nuclear energy.
  • New Year optimism from reinsurers was probably diminished by news of the Suncor Energy loss - which introduced a fresh energy catastrophic loss only months after Hurricane Ivan tore through the Gulf of Mexico devastating oil platforms.
  • Professional advisory fees relating to the collapse of the European operations of Lehman Brothers amounted to £102.3mn for the first six months.
  • Risk modelling firm Risk Management Solutions (RMS) has launched its second natural catastrophe index under the Paradex banner, that it says will lead to earlier loss settlement.