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  • Validus' acquisition of Flagstone Re has taken the expansionist (re)insurer's M&A spending past $2.5bn just seven years after it was founded in the wake of Hurricane Katrina.
  • Lloyd's is to open a consultation process on whether it should continue to maintain its three US admitted lines licences, The Insurance Insider has learned.
  • Montpelier Re is poised to launch a London-listed insurance-linked securities (ILS) fund as it expands its third party capital management business, confirming details of a proposal previously revealed by sister publication Trading Risk.
  • London-listed (re)insurer Novae has significantly outperformed its peers over the last week, as its share price surged by 6.4 percent
  • AIG completes Hartford deal; S&P takes a Liberty; White Mountains completes; Allianz in Provinzial talks; Besso £5mn; Solvency II frustrations boil over; NAIC elects 2013 head; UBS close to Libor rigging settlement; Moody's Berkshire conflict of interest
  • Darwinian restructure continues; Swiss Re builds out infrastructure investment; South-East Asia revamp for Marsh; Willis adds Canadian employees business; Centralisation marches on; Taggart to join RPC;
  • In the immediate aftermath of Sandy and President Obama's exhortation to insurers to "Show some heart and some spirit in helping people rebuild," we wrote of the sometimes turbulent relationship between our industry and its political masters
  • After initially passing under the radar in the weeks after the storm hit, motor losses from Sandy suddenly came to the fore last week when Allstate announced that it expected to pay $500mn of auto claims.
  • Superstorm Sandy looks set to cost the marine (re)insurance market $2bn-$3bn, according to multiple underwriting and broking sources.
  • Dysfunction at the heart of the London market claims handling process is a major potential long-term problem and a significant factor behind the extra cost of doing business in the city, senior executives warned last week.