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  • Bermudian reinsurer Argo Re is set to revisit the cat bond market with a second offering this year under its Loma Re platform, our sister title Trading Risk has revealed.
  • The ratings outlook for the Japanese non-life insurance sector is stable despite the colossal cat bill facing its three main players following the second mega-catastrophe of the year, rating agency Fitch has said.
  • With the airline insurance market at the height of its busiest renewal season, brokers are reporting that conditions remain favourable for buyers, but that dynamics are changing in relation to terms offered by leaders and following underwriters.
  • The UK should have a public debate on whether current rules should be overhauled to allow greater enforcement actions on executives of failed banks, according to FSA chairman, Adair Turner.
  • Pleural plaque sufferers will be able to seek compensation for their condition when new rules come into force this week in Northern Ireland.
  • Lehman Brothers has agreed a $417mn settlement with a raft of banking underwriters, taking the total pending settlements in class action lawsuits relating to the investment bank's collapse to $507mn.
  • German run-off acquirer Darag has confirmed a 70 percent growth in its administered loss reserves during 2011 and has struck a bullish tone on its projected growth for the year ahead.
  • Two US agencies appear set to clash in the courtroom after the Securities Investor Protection Corporation (SIPC) again rejected demands that it compensate investors in Allen Stanford's alleged Ponzi scheme.
  • Halliburton has countered accusations that it allegedly destroyed evidence that implicated the services giant in some of the blame for the Gulf of Mexico oil spill last year.
  • Aon Benfield is facing another lawsuit over the alleged non-payment of loyalty fees to a Florida insurer.