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  • (Re)insurers hit by the July 2011 power station explosion in Cyprus - which cost the market some EUR600mn - will receive EUR99mn of compensation from the island's government.
  • Jeffrey Hayman, who worked under Maurice "Hank" Greenberg at American International Group (AIG), has rejoined his old boss at Starr Companies
  • Allianz Global Corporate & Specialty (AGCS) has been granted a local reinsurer's license in Brazil from the country's insurance market regulator.
  • Goldman Sachs is working on a deal to sell the majority of its reinsurance business to high net worth investors that would value the platform at around $1.1bn, The Insurance Insider can reveal
  • German insurance powerhouse Allianz has disclosed a EUR455mn ($590mn) loss from Superstorm Sandy but left its 2012 profit outlook unchanged
  • The newly listed Blue Capital Global Reinsurance Fund deployed $57mn of capital in the January reinsurance renewals, making up 58 percent of its net IPO proceeds, according to a statement released today (15 January).
  • After 166 days as Generali CEO, Mario Greco has unveiled his vision for transforming the insurer over the next three years by upsizing the group's P&C business through targeting key growth markets
  • Lloyd's chairman John Nelson will step down as chairman of UK and European property company Hammerson on 9 May 2013, the firm announced yesterday (14 January)
  • Long-serving Aon Benfield executive Michel Hideux is retiring from the firm this summer and has been immediately succeeded by his colleague Catherine Bourland as head of the broker's French operations.
  • American International Group (AIG) has filed a lawsuit against Maiden Lane II, the vehicle set up by the Federal Reserve Bank of New York to prop up the insurance leviathan in 2008