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  • News of Berkshire Hathaway's unexpected open-ended share repurchase programme sent the investment conglomerate's shares up more than 8 percent in trading today.
  • Validus has indicated that it intends to continue its direct appeal to Transatlantic shareholders despite entering into takeover talks and signing a confidentiality agreement over the weekend.
  • AM Best has endorsed Greenlight Re's unique operating model by upgrading the hedge fund-backed reinsurer from A- to A.
  • The "big three" global reinsurance brokers have all raised concerns over the European windstorm model in RMS Version 11 (v11) and have advised clients not to use the update for the crucial 1 January renewals unless they are entirely comfortable with the changes, The Insurance Insider can reveal.
  • Brit Insurance is migrating its business away from its UK company platform and into Lloyd's as it seeks to benefit from the Society's more capital efficient structures, The Insurance Insider can reveal.
  • The winding up of insolvent UK insurer Highlands Insurance Company (HUK)'s liabilities has moved within sight after cedant creditors agreed to a scheme of arrangement's terms.
  • Lawyers for former Chicago broking heavyweight Mike Segal have filed papers with the US Supreme Court asking it to overturn his conviction for federal fraud offences.
  • (Re)insurance service provider and run-off acquirer Tawa last week reported a post-tax profit of $11mn for the first half of the year, with results boosted by capital releases from its run-off portfolios.
  • Lloyd's is facing legal action in Quebec relating to a 2004 case over policies it alleges were fraudulently sold using its name, the organisation said in its half-year results released last week.
  • Lloyd's Syndicate 3500 has dropped a lawsuit that accused the government of Saudi Arabia and several charities of supporting the 9/11 terrorist attacks just 11 days after it was filed.