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  • Last week's move by Swiss Re to sell its US asset management arm Conning & Co to Jeff Greenberg-run private equity firm Aquiline Capital Partners LLC should help increase its capital buffer.
  • A two tier market continues among space insurers as underwriters demand significant rate increases on launch cover while in-orbit cover remains competitive.
  • UK regulator the Financial Services Authority (FSA) last week fined London-based HSBC Insurance Brokers £700,000 for not having adequate systems and controls in place to protect its customers' confidential details.
  • For the second time this year wildfires have forced thousands of Californians to evacuate their homes.
  • The removal of Jardine Lloyd Thompson Group’s chief executive Steve McGill following last Friday’s profits warning (26 November) will again focus attention on the insurance broker’s US expansion strategy.
  • While Bermuda attracts $8bn of fresh capital post 11 September, investors are less confident about backing the Lloyd's market While Bermuda basks in almost $8bn of new, post 11 September capital, Lloyd's insurers are scrambling around to ensure they ca
  • The Association of Run-off Companies (ARC) said that total liabilities in the UK non-life run-off market declined to £28.3bn in 2007, compared to £32.7bn in 2006, marking a sustained "downwards trend in UK run-off liabilities".
  • London market has most to gain by joined-up response to EC's scrutiny of co-insurance
  • The southern California wildfires, which have been raging across the region since 21 October, look set to cost (re)insurers between $900mn and $1.6bn in insured losses, according to the latest estimates from catastrophe modelling firm Risk Management Solu
  • Brit Insurance Holdings Ltd has acquired a 38 percent stake in online insurance technology platform Xbridge for £7mn in a bid to further capitalise on the micro SME sector.