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  • The UK High Court has sanctioned the solvent scheme of arrangement of the English and American Underwriting (EAUA) Pools.
  • PricewaterhouseCoopers (PwC) has been appointed to advise on plans for a multi-billion pound corporate restructuring at Royal Bank of Scotland Insurance (RBSI) as it prepares to consolidate and transfer liabilities ahead of a Europe Commission imposed sale.
  • JC Flowers-backed Bermudian run-off acquirer Enstar Group has agreed to buy back $56mn in shares from three of its directors, including CEO and Chairman Dominic Silvester in order to maintain its tax status in the US.
  • The New York Insurance Department (NYID) is taking comments on its proposals to create a new collateral framework for alien reinsurers not authorised in the state.
  • Legislation to extend the US National Flood Insurance Program (NFIP) was signed into law by President Obama on 30 September after gaining approval on Capitol Hill late last month.
  • The overall colour coding for Lloyd's insurers has deteriorated following the completion of another key date in the Corporation's Solvency II implementation programme, The Insurance Insider understands.
  • Investor appetite for extreme mortality exposure is about to be tested with a new offering of notes under Swiss Re's long-standing Vita series of transactions.
  • French investment bank Société Générale launched a contingent capital facility for (re)insurers last month only weeks after Gallic reinsurer Scor secured a three-year EUR150mn contingent capital deal from Swiss bank UBS.
  • Groupama and Axa have issued 2010 Euro wind bonds, with investors keen to diversify their securitised cat exposures
  • Demand to ringfence profits following light Q3 storm losses