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  • Transocean blames BP; Lancashire gets A marks; Hooper confirmed as Cooper Gay CEO; Elite turns back on UK solicitors' PI ; Maiden in $100mn debt re-fi; Claims servicers hook-up; Sciemus enters orbit of launch insurance sector; Cable warns against investor ‘short-termism'; Montpelier in $250mn credit deal; Canopius UK retail refit; Surety thing for Travelers in Brazil; Stakeholders land at Eiopa group; R&Q boosts Booth; Tysers hires PI;  Aspen lures Allied SVP for UK PI; R
  • Suncorp will become the latest Australasian insurer to be penalised for claiming large recoveries on its 2010/11 catastrophe reinsurance programme, when its $5.6bn treaty renews later this week.
  • UK financial firms have been warned to expect a more active and intrusive regulator when the current Financial Services Authority (FSA) is split into the government's proposed "twin peaks" approach
  • Lonmar Global Risks has strongly defended its decision to sell parts of its casualty, and exceptional risks divisions business to Gallagher International.
  • Ratings agency Standard & Poor's (S&P) has predicted that New Zealand reinsurance pricing may more than triple at the July renewals after the Christchurch earthquake losses
  • Reinsurance brokers Aon Benfield Securities and Guy Carpenter were among the winners at the third annual Trading Risk awards held in London last night (23 June)
  • Expectation within the insurance industry that Solvency II (SII) implementation will be delayed or softened has reached critical mass over the past week, as experts decipher a raft of statements from European regulators and political executives
  • Some 5,000 properties in Christchurch, New Zealand will be abandoned under a government plan unveiled today (23 June)
  • The international casualty team of London wholesaler Lonmar Global Risks is to join rival Gallagher International under a negotiated sale of part of its casualty and affinity business
  • Swiss Re has agreed to purchase a circa EUR300mn run-off portfolio from Dutch insurer Ageas, in its second significant legacy transaction in as many weeks