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  • David Howden-led Hyperion is close to announcing that it has reached a takeover agreement with independent broking house Windsor Ltd, The Insurance Insider understands.
  • John Paulson, whose hedge fund is the biggest shareholder in Hartford Financial Services Group, has put further pressure on the ailing US insurer's board to split the company's P&C and life operations.
  • Mapfre says hola...; ...But AWAC waves goodbye; US government sells $6bn of AIG stake; Lloyd & Partners profits; D&O demand; Willis opens in China mega-city; Australia spawns fresh cat; Nuclear powers ahead; Aon Benfield new MENA CEO; Armour Group launches new run-off fund; Willis brings Bellone on board; Argo adds Argyle;Talbot and ADNIC end URSME venture; Kiln top firm to work for
  • Lloyd's (re)insurer Novae has announced a bond exchange offer to holders of its subordinated £100mn callable fixed to floating rate notes, which could add around £9mn to its bottom line.
  • MS&AD subsidiary Mitsui Sumitomo Insurance (MSI) has placed $1.3bn of hybrid notes with investors as it looks to shore up its capital base following painful losses from last year's Thai floods.
  • Speaking at our InsiderScope UK conference last month, Joe Plumeri of Willis returned to a theme on which he has majored many times in the past - that of the essential role insurance plays in the global economy.
  • The Texas Windstorm Insurance Association (TWIA) has budgeted to increase its reinsurance spend to $109mn in 2012 as it sends broker Guy Carpenter out to look at options and the availability of traditional excess-of-loss (XoL) catastrophe cover.
  • Antonio Huertas, Mapfre's newly ensconced chairman, has predicted that the Spanish (re)insurance group's revenues will exceed EUR25bn in 2012, a 6 percent increase from last year.
  • Lloyd's (re)insurer Novae has announced a bond exchange offer to holders of its subordinated £100mn callable fixed to floating rate notes, which could add around £9mn to its bottom line
  • John Paulson, whose hedge fund is the biggest shareholder in Hartford Financial Services Group, has put further pressure on the ailing US insurer's board to split the company's P&C and life operations.