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  • The EU could mitigate stricter capital rules for insurers by exempting all existing contracts from Solvency II regulations for seven years, according to the German business daily Financial Times Deutschland (FTD).
  • The UK Financial Services Authority (FSA) has spent £474.4mn in total net expenditures for the 2011/2012 year up 5 percent from the prior year but £17.3mn below budget, according to the regulator's annual report.
  • Broker Willis has appointed Luigi Giancristofaro as CEO of its reinsurance broking operations in Brazil as the broker targets expansion in the rapidly growing reinsurance market there.
  • US and international specialty (re)insurance underwriter Starr Companies has announced the appointment of Nigel Childs as CFO for the company's foreign operations
  • Lloyd's carrier Liberty Syndicates has opened a representative office in the Colombian capital Bogota after it secured regulatory approval last month
  • Berkshire Hathaway operating subsidiary General Re has had its A++ rating affirmed by AM Best with a stable outlook
  • Germany's third-largest insurer Talanx may opt to delay its initial public offering beyond July due to the uncertainty created by the Eurozone crisis, Bloomberg has reported
  • Sometimes we gaze out on this wild and wonderful world of risk and find it amazing that anyone in our business should be sufficiently prescient or have a worldview robust enough to formulate anything approaching a strategy.
  • A federal judge has dismissed claims made by two former Marsh & McLennan employees that the broking giant together with then-New York attorney general Eliot Spitzer unfairly targeted them to take the blame in an investigation into bid-rigging.
  • Tawa's long-term strategy has vexed many legacy market observers, with the company earning a reputation as an enigma wrapped in a mystery.