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  • The US government is appealing against a court decision to hand $6.2mn recovered from an Al Qaeda terrorist to a dozen insurance companies to compensate them for losses suffered in the 9/11 terrorist attacks.
  • The Association of British Insurers (ABI) has come out in favour of including homes in the highest property tax band in the UK's proposed Flood Re scheme for guaranteeing affordable flood insurance in high risk areas.
  • Argenta promotes; WCMA hires; Amlin pay; AJG fundraising; Catlin consortium; Hastings results; All set for Solvency II; Storm loss; Scor invests; Mapfre Re stable; Cyber risk; Losses sink; Barbican hires; Charles Taylor claims; Scor life; RSA fundraiser; Kenya claim; ABI tie-up
  • QBE's shares were marked down by A$570mn in trading today (14 April) as investors responded negatively to the news that its US mid-market business is being put up for sale. The Insurance Insider broke the news on Friday (11 April) that QBE was interviewing bankers with a view to offloading the Winterthur business, which it bought for nearly $1.2bn seven years ago...
  • Well, that was eerily prescient. No sooner did this publication lead on the notion that Bermuda M&A is the unavoidable consequence of current market conditions (see our 8 April edition lead, "Bermuda buzzes with M&A talk as soft market reigns") then Endurance duly obliged with a hostile bid for Bermuda peer Aspen
  • Earlier today, The Insurance Insider revealed Endurance's $3.2bn approach for Aspen, sparking a sharp rise in the latter's share price and a war of words between the firms. We look at what may happen next...
  • Endurance has made the details of its $3.2bn cash-and-shares offer for Bermudian peer Aspen public, placing pressure on the target's board to engage in talks
  • The board of Aspen Insurance has rebuffed multiple takeover approaches from Bermudian peer Endurance over the last four months and refused to engage in talks, The Insurance Insider can exclusively reveal
  • QBE is mulling a sale of its US middle market business, the Sydney-headquartered carrier said earlier today (14 April), confirming a report published by The Insurance Insider on Friday (11 April).
  • Aviva has agreed to sell its minority stake in South Korean joint venture Woori Aviva Life Insurance for an undisclosed sum, the UK personal lines insurer said today (14 April)