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  • A Qatar Financial Centre (QFC) Authority subsidiary emerged today (16 September) as the latest suitor in negotiations over the sale of London market electronic trading business Ri3K, as the due diligence period of potential buyer MphasiS came to an end.
  • Liberty Mutual is looking to raise more than $1bn in New York to repay debt, in the biggest insurance sector initial public offering (IPO) so far this year.
  • Atlantic Storm Julia developed into a category four hurricane yesterday (15 September) with winds of up to 135mph - making it the strongest hurricane so far this year - while category four Hurricane Igor continues to lurch towards Bermuda.
  • A picture says a thousand words, and so for the uninitiated 20 minutes in Monte Carlo during the Rendez-Vous is worth more than 20 hours of the most detailed explanation back in the office.
  • Former SVB CEO Rupert Villers has signalled his intention to step down as CEO of Aspen's insurance business after just nine months in the role, The Insurance Insider has learnt.
  • Great American is the lead insurer on the American International Group (AIG) legacy directors' and officers' (D&O) programme that recently paid out $150mn to settle a derivate class action lawsuit brought by injured investors, The Insurance Insider can reveal.
  • Ace has announced a $1.1bn acquisition of US crop insurer Rain and Hail Insurance Service and a separate $200mn deal to buy Malaysian business Jerneh Insurance Berhad.
  • Lloyd's insurer Kiln has opened its first German office in Frankfurt under the leadership of former Ace underwriter Marcus Zapfe.
  • Scor is in the advanced stages of an application to launch a Lloyd's syndicate for a 2011 start, The Insurance Insider can reveal.
  • AM Best has warned that if the US property and casualty (P&C) industry continues reserve releases into 2011 it will pose a danger to underlying reserve adequacy.