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  • New regulator the European Insurance and Occupational Pensions Authority (Eiopa) has opened for business with a second pan-Europe stress test scheduled for the industry next month
  • HIIG sees Way ahead with wholesale spin-off; Everest buys Kansas crop; Bermuda faces pipeline loss; Chile loss now $8.5bn; Canopius goes to Zurich; Ironshore lands in Dublin
  • R&Q makes Booth CFO; London avoids Iran crash; Numis Catco IPO gain; Quinn: Renewal rights only?
  • Lloyd's has given R&Q approval to provide "reinsurance to close" to the controversial GoshawK Syndicate 102 that went into run-off in 2003 after a series of failed underwriting bets
  • JC Flowers-backed legacy specialist Enstar Group has started 2011 with a flurry of activity, following a $200mn deal last month to buy all the operational companies of Hannover Re's US insurer in run-off Clarendon Insurance Group at a discount to book
  • A notable flurry of major legacy transactions in late December and early January reached a peak with the expansive Bermudian firm Catalina thought to have paid around $ 350mn for Glacier Re, the Soros-backed reinsurer that closed its doors in August 2010
  • The long-running probe into the misstatement of workers' compensation premium continues to haunt AIG, with regulatory fines and potential litigation settlements mounting to $550mn in the past month alone
  • In a flurry of activity before he stood down on New Year's Eve, former New York Attorney General Andrew Cuomo struck a $120mn settlement with four insurers over workers' compensation policies.
  • The UK's Financial Services Authority (FSA) banned and fined Surety Guarantee Consultants director Barry Williams for his part in a scheme that defrauded Markel International and QBE (Europe) of more than £2mn in 2005
  • The European Union has launched its new insurance supervisory authority and will look to increase its staff within the next three years