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  • Last week the financial juggernaut of quantitative easing (QE) and central market intervention rolled on, with the Bank of England announcing a second major round of QE, followed swiftly by news of the ECB making increased liquidity available to banks.
  • Mardon to head Ace Tempest Re Bermuda; Major insurers plan job cuts; HCC launches two casualty divisions; Lloyd's collateral requirements reduced in Florida; S&P positive on Liberty Mutual; ...But Moody's negative on Allianz Italy; Brazilian ambassador cool on liberal reforms; Allianz close to SEC settlement - report; Channel takes A&H head from Talbot; Allstate completes acquisition of White Mountains business
  • Dane Douetil - the Lime Street CEO who hard-balled the private equity duo Apollo and CVC over their protracted £880mn buy-out of Brit Insurance - confirmed today that he would step down at the end of the month.
  • Investors in hedge fund-backed reinsurance start-up Third Point Re hope to list the vehicle on the public markets in 2013 or 2014, according to documents seen by The Insurance Insider.
  • John Berger's nascent reinsurance vehicle, Third Point Re, will target niche lines of business such as crop reinsurance and non-standard auto, The Insurance Insider understands.
  • Brit Insurance CEO Dane Douetil, who was at the helm when the UK-listed insurer was purchased by private equity duo Apollo and CVC earlier this year, will step down at the end of this month.
  • European (re)insurers are among the best placed companies in the financial services industry to withstand potential sovereign defaults within the Eurozone, a report from consultancy firm Ernst & Young says
  • Bermudian (re)insurer Endurance has taken $99mn of cat losses in the third quarter, with the Copenhagen storm and Hurricane Irene the biggest contributors.
  • With giant Japanese cooperative Zenkyoren (Zenk) expected to add circa $1.75bn to its earthquake loss notification in the fourth quarter, property cat reinsurers have done little to clear up who is in line to take the major share of the deterioration
  • Lloyd's has been granted approval by the Florida Office of Insurance Regulation (FLOIR) to post lower collateral and operate in the state as a so-called eligible reinsurer.