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  • Swiss Re and the three Japanese insurance powerhouses - Sompo Japan Insurance, Mitsui Sumitomo Insurance and Tokio Marine & Nichido Fire Insurance - have provided capacity for a new World Bank-sponsored scheme that provides disaster cover for Pacific Island nations.
  • Swiss Re and Warren Buffett may be close to reaching an out of court settlement over the major reinsurance dispute in which Berkshire Hathaway is claiming damages of between $500mn and $1bn, reports Neue Zürcher Zeitung am Sonntag.
  • There was a time not so long ago when running an international specialty (re)insurer had a certain ring of simplicity to it.
  • PCS has increased its industry loss estimate for Superstorm Sandy by $7.75bn to $18.75bn to reflect more detailed claims information from insurers, The Insurance Insider has learned.
  • Goldman Sachs' surprise plan to sell a stake of around 75 percent in its renamed Global Atlantic business, amid fear of a substantial hike in regulatory capital, continues the trend of reinsurers evolving towards third-party-fund management.
  • The Corporation of Lloyd's and Catlin have refused to follow Aon Ltd's lead in deferring bonuses for high-earning executives until after 6 April - when the top rate of UK income tax is set to fall from 50 percent to 45 percent.
  • Fledgling Lloyd's platform ProSight Specialty Underwriters has announced the appointment of Mark Hewett as chairman with immediate effect
  • Randall & Quilter (R&Q) has taken over a portion of legacy liabilities from SL Insurance (SLI), a Guernsey-based captive that provides aviation hull and liability cover to airlines in the Virgin group
  • Glenn Yanoff has left his position as head of Endurance Specialty Holdings Ltd's US wholesale insurance operations to join a competitor, The Insurance Insider can reveal.
  • Serious flooding in the Indonesian capital Jakarta that affected the central business district could cost more than the $400mn that the industry paid out in 2007