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  • Lloyd's carrier Brit Insurance will try to convince institutional investors that it should command the kind of premium valuation that has been awarded to specialty insurance peer Beazley plc as it looks to return to the public markets three years after it was taken private
  • A former employee is suing AJ Gallagher (AJG) for "systemic gender discrimination", alleging she was pushed out of the US broker after complaining repeatedly about a "glass ceiling".
  • Otto Thoresen, the director general of British trade body the Association of British Insurers (ABI), said he is "delighted" that Flood Re has progressed towards implementation, despite confusion about whether the UK government has privately ordered a u-turn on excluding more expensive homes from the scheme.
  • International P&C (re)insurers hoping for a further delay to the burdensome US Foreign Account Tax Compliance Act (Fatca) were disappointed late last month when new guidance from the Inland Revenue Service (IRS) confirmed the 1 July implementation date.
  • Gabriel Bernardino, the chairman of the European Insurance and Occupational Pensions Authority (Eiopa), has warned that the industry could be hit by "a flood of new regulation" if insurers fail to "learn from the lessons of mis-selling".
  • The US P&C (re)insurance industry is intensely lobbying the US government to permanently authorise a taxpayer-funded backstop for terrorism risk cover and not "tempt fate" by postponing a decision on renewing the Terrorism Risk Insurance Act (Tria).
  • Two of the cat bonds in the latest crop of new issuance have demonstrated the potential for divergent modelling views to emerge on indemnity offerings.
  • RSA departure; Burke holiday; Asia marine unit; Singapore swing; Amlin up; Asian acquisition...
  • US insurer Chubb is considering increasing the size of its new East Lane Re VI cat bond to $270mn as indicative pricing on the deal softened by almost 15 percent, Trading Risk understands.
  • Tokio Marine's Kizuna Re II Japanese quake bond has grown from $200mn to $245mn with pricing set at the lowest bounds of guidance amid strong investor interest, Trading Risk understands.