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  • Legacy specialist Tawa's subsidiary Hamburger Internationale Re (HIR) has purchased parts of a run-off portfolio from Oberösterreichische Versicherung (OV), the firm announced today (28 May)
  • Amlin has announced that Amlin France will be integrated into the Amstelveen-based Amlin Corporate Insurance (ACI)
  • Tropical Storm Beryl made landfall in Florida early this morning (28 May US time) near Jacksonville Beach, according to reports from the National Hurricane Center (NHC).
  • Lloyd's CEO Richard Ward says the London market has been working hard to prepare for a potential Greek exit from the Eurozone
  • The four former General Re executives and one former AIG executive accused of defrauding investors through a phoney reinsurance transaction in 2000 are in talks with prosecutors to resolve the criminal proceedings brought against them, according to a court filing.
  • The contribution of the (re)insurance industry to the economy of Bermuda is being threatened by a growing exodus of related jobs from the island, according to the Association of Bermuda Insurers and Reinsurers (ABIR).
  • Bermudian (re)insurer White Mountains has set out its stall to continue its aggressive capital management strategy after its board approved a fresh share buyback authorisation
  • The US Senate has unanimously voted in a 60-day extension for the National Flood Insurance Program (NFIP) to follow its 31 May expiry date
  • Forecasters at US state scientific agency the National Oceanic and Atmospheric Administration (NOAA) say the Atlantic hurricane season is set to be "near normal" although less active than in recent years.
  • Chinese insurance companies' premium income for Q1 increased by 3.75 percent to 592.2bn renminbi ($93.4bn) compared to the same period a year earlier, according to the latest statistics from the Chinese Insurance Regulatory Commission