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  • Russian-backed private equity investor Pamplona Capital Management is reported to have withdrawn its application to the UK's Financial Services Authority (FSA) for approval to build on its 9.99 percent stake in Lloyd's insurer Chaucer.
  • Continental Europe offers huge opportunities for the run-off industry with the discontinued market in the region's German-speaking countries totalling EUR115bn at the end of 2008, according to a new KPMG survey.
  • The riots in Bangkok last month have burnt the nascent standalone terrorism (re)insurance market with $1bn total losses and the need for a complete overhaul, sister publication Inside FAC has revealed.
  • Brit Insurance's key shareholders, including Schroders, Third Avenue, Artisan Partners and Jupiter Asset Management, will be key to the success this week of Apollo Management's £800mn buy-out bid.
  • Cooper Gay is to press ahead with an initial public offering (IPO) in New York as early as next year, once it completes its imminent merger with US wholesaler Swett & Crawford, The Insurance Insider understands.
  • Brit Insurance's key shareholders, including Schroders, Third Avenue, Artisan Partners and Jupiter Asset Management, will be key to the success this week of Apollo Management's £800mn buy-out bid.
  • Industry rainmakers recently gathered in New York to thrash out a variety of issues including the viability of the Gulf of Mexico; the trouble between admitted and Excess & Surplus lines players; and proposed changes to TRIA
  • The next 48 hours is likely to see the formation of the first named storm of the season, according to the US National Hurricane Centre in Miami.
  • Fears that broker Marsh would indirectly suffer as a result of a legal settlement by fellow Marsh & McLennan Companies (MMC) subsidiary Mercer have receded after the payout was limited to $500mn.
  • Brit Insurance Holdings has opened the door to a higher bid from Apollo Global Management after rejecting an initial cash offer from the private equity firm that it said equates to £10 per share