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  • Allied World is back in the race for Transatlantic Holding as part of the Stone Point Capital-led consortium to buy the US reinsurer, The Insurance Insider can reveal.
  • Private equity firm Stone Point Capital is at the head of the consortium to buy Transatlantic Holdings that also includes JC Flowers and Enstar, The Insurance Insider can reveal.
  • Yet another short-term extension of the US National Flood Insurance Program (NFIP) has been greeted with a mix of relief and disappointment by industry bodies.
  • AM Best has placed Generali under review with negative implications in response to deteriorating Eurozone economic conditions and political changes in the Italian insurer's home country.
  • European (re)insurers could be made to hold more capital against their holdings of Eurozone sovereign debt under Solvency II investment rules, after the European Insurance and Occupational Pensions Authority (EIOPA) said the current rules need to be reconsidered.
  • Employees at legacy service provider Helix UK have been put on notice by parent company Axa Liabilities Management (Axa LM), The Insurance Insider has learned
  • The first solvent schemes of arrangement that allow run-off creditors to choose between receiving valuation and payment under the scheme or retaining their cover are heading for the London market in a further demonstration of the emerging flexibility of the tool in response to more complex challenges.
  • Lloyd's has said that the Thai floods are not yet sufficiently developed for it to provide any meaningful loss estimates, but it insisted that it has the financial strength to withstand events that are several times the size of the loss currently unfolding in Southeast Asia
  • Japanese insurer MS&AD has forecast net losses of 130bn yen ($1.7bn) from the Thai floods and Tokio Marine is expecting to retain losses of 100bn yen ($1.3bn)
  • Lloyd's takeover target Omega has announced creeping loss estimates from H1 natural disasters but said it does not expect a repeat of recent outsized catastrophe hits after revising its underwriting appetite