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  • The US farm bill that secures the future of the US crop insurance programme for the next five years was signed into law by President Obama earlier this month, in a move expected to expand the scheme by $5.7bn between now and 2023.
  • The end may finally be in sight for a scheme of arrangement to wind up the UK arm of run-off insurer Highlands Insurance Company UK (HUK).
  • Insurance IT services provider Ebix has agreed to pay $6.5mn to settle a shareholder class action suit triggered by allegations of accounting irregularities in 2011.
  • QBE is suing a group of professional indemnity (PI) insurers led by subsidiaries of AIG and Allied World after they refused to pay claims related to investigations and lawsuits against QBE's force-placed lender insurance business Normal 0 fa
  • HomeServe, the UK personal lines intermediary that styles itself as the fifth emergency service, has been hit with a heavy £31mn fine from the Financial Conduct Authority (FCA) for serious and long-running customer service failings.
  • Catlin Group has created two reinsurance funds with internal capital as it weighs up whether to enter the third-party asset management space, according to the London-listed (re)insurer's founding CEO Stephen Catlin.
  • The retrocession market is now significantly more focused on aggregate capacity following the 1 January renewals as demand for occurrence covers shrank, according to Credit Suisse Asset Management's head of insurance-linked securities (ILS) Niklaus Hilti.
  • Munich Re is seeking to raise up to $100mn from a new Queen Street cat bond that will again cover Australian cyclone risk.
  • Despite dubbing 2013 the "year of the flood", Guy Carpenter said the year's catastrophe loss total of $40bn was significantly below the 10-year average of insurance nat cat losses.
  • The 10 largest insurance-linked securities (ILS) fund managers now control almost $36bn of assets, a total which rose by 29 percent over the course of 2013, according to an exclusive survey by our sister publication Trading Risk. Normal 0 &