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  • The US crop insurance model is under threat from proposed changes to legislation that could slash expected profits for reinsurers and drive them away from participating in the business.
  • Shares in quoted Lloyd's insurer Chaucer Holdings have continued to climb today (12 April) as rumours persist of an imminent takeover bid.
  • DeLemps in for Cash at Endurance; Marsh announces new Latin America CEO; Mitsui's Guest becomes higher education non-exec
  • Axa Asia Pacific green-lights takeover move; JLT's non-advisory arm renamed Thistle; Tower Group estimates up to $9.1bn hit from US storms.
  • The Committee of European Insurance and Occupational Pensions Supervisors (Ceiops) has published new guidance on the pre-application process for insurers working towards approval of an internal Solvency II (SII) model.
  • Brazilian financial regulatory authority SUSEP has lost its chief to the country's upcoming general election, as Armando Vergilio dos Santos stepped down to stand for Congress.
  • Energy mutual OIL announced that it will continue to evaluate adjusting its windstorm coverage after revealing net income of $1.1bn for 2009 - a significant reversal from a $1.4bn loss in 2008.
  • UK regulator the Financial Services Authority (FSA) booked a record £33.1mn in fines last year (to 31 March), beating its previous record by 21 percent, as it steps up its increasingly intrusive approach.
  • Concerns over Towergate Partnership's off balance sheet debt obligations have led rating agency Moody's to revise its outlook for the UK broker consolidator from stable to negative.
  • Trading conditions in the Italian non-life market are likely to continue to be tough this year after a difficult 2009, according to a note from Fitch Ratings.