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  • Specialist liability underwriting agency CFC is to buy itself out from its parent Hyperion Group, the firms have announced.
  • Reinsurance capital was broadly flat at the end of 2011 despite more than $100bn of insured catastrophe losses, according to the world's two biggest reinsurance brokers.
  • The tie-up between Paulson & Co and Validus Holdings to launch $500mn rated reinsurer PαCRe has created the latest start-up vehicle to employ the hedge fund-style investment strategy espoused by Greenlight Re.
  • Reinsurer capacity at the 1 April renewals in Japan was not constrained, although Japanese cedants had to dig deeper to get the market to its clearing price after a year of extraordinary cat losses, said Guy Carpenter's head of global business intelligence David Flandro.
  • Dewey defections continue; Adieu to Gras Savoye CEO bids adieu; Arch closes Ariel credit move; EU okays Talanx-Warta deal; Hola Mapfre UK; Marsh sets up UK flood pool; Cooper Gay MD; Willis Japan expands and gets new retail head; Kruger on Lime Street; Starr Japan Licence
  • US energy mutual insurer Associated Electric and Gas Insurance Services Limited (Aegis) is the highest profile client in a flurry of account moves between reinsurance brokers in recent months.
  • Directors of the defunct broker-dealer MF Global have filed a court petition to gain access to the firm's $250mn directors' and officers' (D&O) policy to pay defence costs.
  • A £200mn+ directors' and officers' (D&O) policy from 2008 may be in line to pay hefty defence costs after RBS directors were slapped with a £2.4bn shareholder lawsuit last month.
  • As brokers escort their Florida clients around the offices and restaurants of Hamilton and London, initial indications are that after an early start the key 1 June renewal will run late against a backdrop of shifting balance between supply and demand.
  • The quoted Lloyd's sector will soon have a mere six members. This is not a good thing. The Insurance Insider explains why...