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  • The 500bn baht ($16.2bn) Thai cat fund is set to be launched on 28 March but will probably only purchase reinsurance in the international market next year, according to Thailand's Office of Insurance Commission (OIC).
  • The transformation of the London market's central services under Project Darwin should proceed along a "minimal risk" pathway which will require greater investment than a "minimal cost" alternative, according to a presentation seen by The Insurance Insider.
  • Firm order terms on Japanese mutual Saikyosairen's excess-of-loss programme are up 30 percent on last year, The Insurance Insider understands.
  • Firm order terms on Chubb's $1.55bn Xs $500mn US excess-of-loss programme are up by around 10 percent, The Insurance Insider can reveal.
  • Dewey & LeBoeuf defections climb to 37 partners; Everest, HCC hire senior execs; Labuan hits retro carriers with $27mn Thai loss; Moczarski takes additional role; El Niño may keep storms at bay; Generali hit by investment losses; Groupama still on negative watch
  • Acquisitive run-off player Catalina has made an approach to troubled Lloyd's carrier Omega with a view to a takeover, The Insurance Insider can reveal.
  • Lloyd's (re)insurer Omega has paid an unknown sum to former CEO Richard Tolliday to settle a compensation case just before it was due to come to court in London on 22 March, The Insurance Insider revealed last week.
  • Knowing our market as well as we do, The Insurance Insider predicts that for the vast majority of market practitioners the answer the question above will of course be a resounding "No."
  • Peak zone property cat continues to attract capital interest from outside the (re)insurance industry with BlackRock aiming to launch a $300mn collateralised vehicle with Swiss Re, The Insurance Insider can reveal.
  • Insurance services provider Charles Taylor Consulting (CTC) reported a £6.4mn profit for 2011, down by half from the 2010 result, which was amplified by a large profit from its non-life run-off operations