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  • Fears that reinsurance losses from the New Zealand earthquake may be worse than initially expected were confirmed last week, with Platinum Underwriters reporting rising costs from the 4 September catastrophe.
  • More than 95 percent of "Ground Zero" workers who helped clear up debris after the September 2001 terrorism attack on the World Trade Center have agreed to a compensation offer worth at least $625mn.
  • QBE has continued its North American acquisition drive with an agreement to purchase Bermudian RenaissanceRe's US insurance operations for around $275mn.
  • Kiln, the Lloyd's subsidiary of insurance giant Tokio Marine, confirmed last week that Edward Creasy is to step down as chairman after 11 years at the firm.
  • The American International Group (AIG) stake owned by Hank Greenberg and the Starr Group has fallen in value from $32bn to just $590mn on a precipitous drop in share value and the gradual selling down of the stake.
  • Bermuda-domiciled Lloyd's carrier Omega Insurance Holdings has acquired additional reinsurance cover after it was dragged to a first-half loss by catastrophe activity and then hit by the New Zealand earthquake in September.
  • In the 15 years since corporate capital has been active at Lloyd's, there have been a number of false dawns for an imminent wave of consolidation among listed Lime Street insurers.
  • Shares in Lloyd's insurer Chaucer plc closed last week up 2 percent as investors responded positively to a solid trading statement and a new strategy that includes ambitious growth aspirations and a more aggressively leveraged balance sheet.
  • They say that truth is the first casualty of war. And it is hard to know what to believe in the war of words currently taking place, as part of the latest episode of global economic woe.
  • Guy Carpenter is continuing to build its Paris office from the fallout of the Aon Benfield merger, after securing the services of Emmanuel Dubreuil.