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  • The UK government will next month implement the Mesothelioma Act 2014, which will establish a scheme to provide payments of up to £123,000 for patients suffering from latent asbestos poisoning but who cannot trace a liable employer or an employers' liability insurer.
  • President Obama last week signed into law a bill to stall premium rate hikes for US policyholders covered by the NFIP, cementing a Congress U-turn on 2012 legislation that would increase premiums to reflect actuarial levels
  • UK Chancellor George Osborne last week (19 March) announced £140mn ($200mn) of new funding for flood defences as part of the 2014 Budget, in response to the unusually severe weather that hit the country this winter.
  • The progression of a flood insurance bill through the US Congress could help pave the way for the reauthorisation of the Terrorism Risk Insurance Act (Tria), according to Cozen O'Connor lobbyist Robert Freeman.
  • The Canada Pension Plan Investment Board (CPPIB) has agreed to buy life reinsurer Wilton Re for $1.8bn from a group of investors led by Stone Point Capital, Kelso & Company, Vestar Capital Partners and FFL.
  • A Cayman Islands reinsurer linked to Florida-based HCI Group is seeking to raise up to $29.75mn from an IPO on the Nasdaq SmallCap Market, according to regulatory filings.
  • The debut cat bond from Great American Insurance Company, Riverfront Re, priced below guidance last week, reflecting continued investor demand on the ILS market
  • As the 2011 YoA closes, The Insurance Insider looks at the winners and losers in underwriting performance....
  • ANV Syndicate 779 has closed its 2010 year of account with a profit of 10.64 percent on its £27mn capacity, an Argenta results forecast has showed.
  • Underwriting profits were commonplace for reinsurers in 2013, but where were the outliers?