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  • The simmering tensions between some brokers and insurers risked spilling into open hostilities during April as arguments again erupted over broker remuneration.
  • International insurance groups continue to oppose recent Brazilian government legislation that restricts global reinsurers' ability to write business from the country.
  • It has been a steady start to the second quarter for cat bond sales, with three repeat offers coming to market.
  • Liberty Mutual is blocking a proposed settlement between American International Group (AIG) and other insurers related to alleged under-reporting of AIG workers' compensation premiums.
  • Wholesaler Cooper Gay Swett & Crawford suffered pre-tax losses of $8.5mn in 2010 as it reported for the first time as a combined entity.
  • RMS has called for S&P to take a multi-model view on rating cat bonds after the latter announced plans to review a group of bonds under the modelling agency's new hurricane model.
  • As Cooper Gay announced its results, fellow privately held IPO candidate, broking and MGA group Hyperion was unveiling its latest acquisition.
  • Prices on the Muteki cat bond for Japanese carrier Zenkyoren have plummeted in the secondary market after ratings agency Moody's warned it was set to be a complete loss to investors.
  • It has been busy month in the broking word as many switched allegiances and reshuffled their management teams.
  • The prospect of changing market conditions for US and Bermudian P&C (re)insurers appears to have brought a subtle shift in the sector's investor base this year towards institutions focused on "growth" rather than "value" strategies.