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  • Guy Carpenter has hired three new members of staff to form the core of a dedicated facultative team that will serve Spain and Portugal
  • London-listed (re)insurer Catlin Group has bought a Wisconsin-domiciled admitted lines shell company from QBE for an undisclosed sum
  • AIR Worldwide has put a range of A$3bn to A$6bn on industry insured losses from the floods that have deluged Queensland, Australia in and around Brisbane and Rockhampton in recent weeks.
  • Munich Re subsidiary launches China JV; Former Chubb CFO Kelso to leave Aspen; Willis appoints Finex analytics head; QBE bolsters trade credit team
  • London-listed (re)insurer Amlin is one of only two Lime Street managing agents that currently possess a green light under the Lloyd's Solvency II traffic light scheme, The Insurance Insider can reveal.
  • Two of the most costly failures to ever fall on the Lloyd's Central Fund - GoshawK Syndicate 102 and Alleghany Syndicate 376 - have been finally relinquished.
  • RiverStone has completed its deal to reinsure-to-close (RITC) the open years of Syndicate 376, as first predicted two months ago in The Insurance Insider.
  • New regulator the European Insurance and Occupational Pensions Authority (Eiopa) has opened for business with a second pan-continental stress test scheduled for the industry next month.
  • Collateralised reinsurance fund manager Catco invested almost 100 percent of its $80.4mn start-up capital at the 1 January renewals, just weeks after launching.
  • Bermuda-headquartered Catlin Group's 2008 cat bond Newton Re 2008-1 has defaulted on its final payment, prompting rating agency AM Best to downgrade and withdraw its ratings on the Class A notes.