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  • Despite the plethora of broker poaching cases that make their way to the UK courts, it is possible to hire whole teams without falling foul of the law, the London market was told today (28 November).
  • Despite growing fears about Eurozone defaults, a near-term root and branch rethink of the risk-free treatment of European sovereign debt under Solvency II rules is unlikely, predicts Fitch.
  • Hiscox's Bermuda platform has become the latest reinsurer to qualify for reduced collateral requirements in the state of New York.
  • Collateralised retrocession writer Catco has attracted at least $375mn from a new fundraising round, putting the firm's reinsurance funds under management at nearly $900mn in its first year.
  • A planned $125mn cat bond from California workers' compensation insurer State Compensation Insurance Fund (SCIF) and a repeat deal from French reinsurer Scor are set to take total issuance past the $4bn mark this year.
  • The old underwriting adage that good years get better while bad years gets worse seems to have been borne out by developments in syndicate forecasts for the past two years of account at Lloyd's (re)insurers.
  • Soft market conditions and higher policy limits, aircraft values and liability settlements are driving aviation underwriters toward a "perfect storm", according to a report from broker Jardine Lloyd Thompson (JLT)'s aerospace division.
  • The wave of civil unrest and revolutions across the Middle East and North Africa (MENA) will have a negative impact on the predicted growth of the developing insurance markets in the region, according to AM Best.
  • Optimism on rates broadly outweighed third quarter combined ratio pain across US and Bermudian P&C (re)insurers, causing a strong rise in stocks within the sector through the reporting season.
  • Tokio Marine's net loss from the Great East Japan earthquake has grown from 90bn yen ($1.2bn) to 150bn yen ($1.9bn) in the months following the catastrophe.