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  • The New Zealand government is set to release an update on the future of Christchurch overnight (22/23 June) to give more information on which suburbs may have to be abandoned under reconstruction plans.
  • Bermudian specialty (re)insurer Lancashire has had its insurer financial strength rating upgraded to A from A- by AM Best following "strong operating results since inception"
  • Aon Benfield has estimated that insured losses for the powerful tornado outbreaks that struck the US in April and May total $15bn
  • London-headquartered wholesale and reinsurance broking group Cooper Gay Swett & Crawford has confirmed the appointment of Shaun Hooper as CEO of the its Lloyd's and London market division Cooper Gay & Co.
  • Aon has obtained a temporary court order in Illinois to restrain its former construction services CEO Peter Arkley and other senior executives from seeking to poach clients or former colleagues, The Insurance Insider understands
  • Carlos Montalvo, the executive director of the European Insurance and Occupational Pensions Authority (Eiopa), has dismissed reports that Solvency II would not be fully implemented on schedule on 1 January 2013
  • Randall & Quilter (R&Q) is hopeful of completing its drive for additional capital over the summer months to help target larger-scale acquisitions, investors at the expansive UK run-off acquirer's AGM will be told today
  • WR Berkley is facing a $65mn hit from the severe storms that struck the US during April and May - more than double its budgeted allowance for the second quarter
  • Swiss-based oilfield services company Weatherford international has agreed an insurance-funded $75mn settlement with BP over claims relating to the Deepwater Horizon disaster.
  • US insurance giant Travelers has completed its acquisition of a 43 percent stake in Brazilian surety insurer J Malucelli as part of the US insurance giant's push into emerging markets.