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  • AIG’s fate remains uncertain as financial storms continue to rage...
  • The $250mn loss of an African telecommunications satellite at the end of last year was placed in the space insurance market by Willis, with cover understood to be led by Munich Re.
  • There are thought to be around six to seven serious bidders in the running for Royal Bank of Scotland's insurance operations (RBSI) as the deadline for the first round of bids closes tomorrow.
  • Willis Group's determination to reduce its debt burden has encouraged Moody's to revise its outlook on the insurance broker to stable from negative.
  • Bermudian (re)insurer Validus Holdings will make its debut on the New York Stock Exchange today (25 July) with shares priced at $22, below the $24-26 range it set at the beginning of the month.
  • Q-Re gains Qatar's first reinsurance licence; Validus cements Singapore presence; Willis shareholders rubber stamp Ireland move
  • Broking giants count cost of Spitzer JLT blames Risk Solutions for sluggish performance Benfield posts flat profits but sees growth in primary markets MMC culls a further 2500 jobs to cut costs
  • German reinsurance giant Hannover Re has hailed the 1 January renewals a success, despite falling rates.
  • Swiss Re has closed its $85mn GlobeCat transaction, providing one year of cover for Central American earthquake and six years for Californian earthquake and US windstorm.
  • The National Oceanic & Atmospheric Association (NOAA) has forecast that 2006 will be another "very active hurricane season" in the North Atlantic.