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  • News that multi-year (re)insurance deals are returning will naturally be seized upon by observers claiming that we are reaching the bottom of the global P&C (re)insurance cycle.
  • The loss of Eutelsat's W3B satellite is likely to cost the space insurance market at least EUR225mn, sister publication Inside FAC understands.
  • The future of Royal Palm Insurance is in doubt after it emerged the Floridian homeowners' insurer lost a $28mn arbitration to its founder and former state senator Wallace "Locke" Burt and his MGA Security First Managers.
  • Aon's UK arm has settled a poaching case with its rival Marsh out of court, securing the withdrawal of contempt proceedings against its employee Euan Nicolson after he threw his laptop into a pond.
  • Bermudian stalwarts John Lummis and Jim Stanard have formed Flex Capital Advisors (FCA), a management company that will underwrite reinsurance on behalf of companies and funds and is set to sponsor Flex Re, a new $500mn start-up on the island.
  • Brit Insurance's management will own almost 10 percent if the Apollo-CVC buy-out succeeds, but will have restricted access to profits because of a rare financial instrument controversially used in the takeover of English football team Manchester United.
  • As the quarterly backdrop has held few surprises for investors, the varying net exposures of individual markets to the New Zealand earthquake has emerged as the key performance differentiator.
  • Aon's UK arm has settled a poaching case with its rival Marsh out of court, securing the withdrawal of contempt proceedings against its employee Euan Nicolson after he threw his laptop into a pond.
  • Aon Corporation's continuing broking operations shrunk in the first nine months of 2010 as organic revenues declined by 2 percent, prompting the company's share price to fall below $40.
  • International property cat reinsurance is continuing to be a source of woe for underwriters, with the pile-up of 2010 losses doing little to impact soft market conditions in the sector.