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  • European legacy specialist Compre has agreed to buy a run-off portfolio of motor liabilities from Swiss Re, The Insurance Insider can reveal.
  • Fairfax Financial subsidiary RiverStone Insurance (UK) pipped its Bermudian rival Enstar in the bidding war for Zurich Insurance Group's Eagle Star run-off portfolio, the global insurer announced on 27 December.
  • Convergence pioneer RenaissanceRe has written $185mn of collateralised limit through Upsilon Re II, the latest incarnation of its retro sidecar.
  • The New Year has brought strong activity in the third party-managed fund sector as RenaissanceRe deployed capacity from another new sidecar and Montpelier Re's Blue Capital structure came on stream in time for an active 1 January.
  • Zurich America Insurance Company's latest Lakeside III issuance upscaled from $225mn to $270mn at the end of December.
  • Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
  • Total new cat bond issuance in 2012 hit $6.3bn, the highest level since 2007, while total bonds outstanding in the market reached a new record of $16.5bn of limit at year-end.
  • Munich Re has argued that the US needs to take a more robust approach to tackling storm surge, as it released figures showing that US nat cat events dominated the 2012 industry loss tally, led by Superstorm Sandy.
  • Mining underwriters have been given a substantial lift after Australian mining conglomerate BHP Billiton settled its 2008 flooding claims for $300mn, sister title Inside FAC has reported.
  • Drilling contractor Transocean is set for fraught discussions with lawyers and its liability insurance underwriters after agreeing with US authorities to pay a $1.4bn fine for its role in the 2010 Deepwater Horizon disaster.