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  • To celebrate our 150th issue we have also compiled a special magazine this month. Click above to download it
  • Lloyd's (re)insurer Beazley Group is contemplating a $50mn capital return as it looks to shore up its position with investors after its £185mn takeover approach for smaller rival Hardy Underwriting collapsed
  • PartnerRe has said insured losses from September's New Zealand earthquake could climb as high as $5.5bn, adding to expectations that affected (re)insurers will be forced to hike their own loss estimates over the forthcoming weeks.
  • The current owners of the Lloyd's building have fuelled speculation surrounding the property's future, confirming that its portfolio managers were "continually observing the market" although it is not "actively" up for sale.
  • Beazley has withdrawn its bid for fellow Lloyd's insurer Hardy after having its third and final 350 pence per share offer rejected at a meeting between the two companies.
  • The successor to UK regulator the Financial Services Authority (FSA) will allow firms to fail, according to a key policy speech given by FSA chief executive Hector Sants.
  • Lloyd's has reworked its risk governance structure to address concerns that it would not stand up to the scrutiny of regulators under Solvency II.
  • Ratings agency Standard & Poor's (S&P) has upgraded the financial strength ratings of a number of Ace Group's operating companies from A+ to AA- with a stable outlook.
  • Shipping protection and indemnity (P&I) specialists at Willis have warned in a state-of-the-market report due out later today (13 December) that claims continue to climb to record levels, challenging the sector's recent financial recovery.
  • Beazley takeover target Hardy Underwriting has ended speculation about the identity of its new third-party backer by revealing it is the previously unnamed Bahrain-based Arab Insurance Group (Arig).