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  • Lockton International is considering restructuring all of its international subsidiaries as limited liability partnerships (LLP), The Insurance Insider can reveal.
  • QBE's Lloyd's managing agent, QBE Underwriting Ltd (QUL), is considering major restructuring of the reinsurance programme for its flagship Syndicate 386 casualty operation for the 2011 year of account, Lloyd's regulatory disclosures have revealed.
  • A new, enhanced European insurance regulator will be up and running by next year under a revamp of financial supervision approved by the European Parliament this month.
  • Alterra is in talks to transfer a second of its Names-backed Lloyd's syndicates to Whittington Capital Management.
  • Auction prices for Lloyd's capacity later this week are likely to show a modest fall from last year's average of 20p for each pound of capacity, The Insurance Insider understands.
  • Last year, Bermuda celebrated 400 years since it was settled by Sir George Somers, who was shipwrecked on route to Virginia in the US.
  • The commercial energy (re)insurance market looks to have avoided any significant losses from the fire on board the Mariner Energy-owned oil and gas platform Vermilion Block 380, which occurred on 2 September in the Gulf of Mexico (GoM), The Insurance Insider understands.
  • As the global reinsurance industry prepares to decamp to Monte Carlo for the annual Rendez-Vous, the first predictions are emerging on pricing conditions for the critical 1 January 2011 renewals.
  • Flagstone and Names-backed Lloyd's start-up Apollo Syndicate 1969 has had to purchase additional reinsurance for 2010 in its maiden year having written business with potential exposures greater than those envisaged in its business plans.
  • London market insurer Catlin leads the excess property damage cover for the Mariner Energy-owned oil and gas platform Vermilion Block 380 that caught fire yesterday (2 September) in the Gulf of Mexico, The Insurance Insider understands.