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  • Chaucer has confirmed that it has received a number of takeover approaches after its share price surged today (7 February) and a news alert from The Insurance Insider detailed renewed bid speculation around the firm.
  • LMA cool on Suez threat; Marsh unveils Maplecroft link-up; EU announces Eiopa chairperson; GCube $500mn solar expansion driven by demand; Litmus Analysis hires S&P veteran; Oxford hires PI duo after cash injection; AM Best gives Arch ratings boost; RFIB targets growth in Russian retail sector; PWC appoints insurance chief
  • Novae Group, the Lloyd's insurer nearly brought to its knees 10 years ago by a torrent of US casualty reinsurance exposures, looks set to announce that it has finally dealt with its legacy past.
  • The Bermuda Monetary Authority (BMA) has outlined a roadmap for creating a regulatory framework that is recognised as equivalent to the European Solvency II (SII) regulations.
  • Insurance services and run-off capital provider Tawa plc is upping its investment in the US as it looks to build out its platform through acquisitions, The Insurance Insider can reveal.
  • Solvency II implementation spending by UK regulator the Financial Services Authority (FSA) will amount to £46.4mn in the financial year starting 1 April 2011.
  • UK regulator the Financial Services Authority (FSA) unveiled a 10.1 percent budget increase for the upcoming financial year as the cost of a more intrusive regulatory regime mounts.
  • Investment bank JPMorgan completed an innovative longevity hedge last month, with capital markets investors welcoming its short-term duration.
  • As Cyclone Yasi made landfall as a Category 4 storm on Australia's Queensland coast last week (3 February), reinsurance brokers transacted so-called livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses.
  • Soft market pressures and a reduction in the use of reinsurance have left the directors' and officers' (D&O) sector vulnerable to a repeat of the pain it suffered in the late 1990s and early 2000s.