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  • Liberty Syndicate Management has signed up satellite manufacturer Intelsat Corp to provide technical support to its satellite insurance underwriting.
  • Little more than a month after a $150mn private equity injection took its shareholder equity through the $1bn threshold, expansionist start-up Torus has entered the London financial lines market.
  • As key renewal discussions for Gulf of Mexico (GoM) offshore energy business begin in earnest this month, market activity elsewhere has also been vibrant.
  • Despite the close attentions of Lloyd's underwriting tsar Tom Bolt, Gulf of Mexico (GoM)-exposed energy buyers should still be able to buy a "superior" product from the London market this year compared to 2009.
  • Bermuda-based Lloyd's (re)insurer Omega Insurance Holdings initially saw its shares fall by over 10 percent last week after announcing that the financial fall-out from the bitter boardroom feud would hit its 2010 earnings.
  • GAN and Axa Corporate Solutions lead the primary coverage for the spectacular heist at the Crédit Lyonnais branch on Paris's Avenue de l'Opera on 27 March, sister publication Inside FAC revealed last week.
  • The Q1 financials of Australian general insurers such as QBE and IAG are likely to reflect the growing impact of heavy domestic cat losses in the period.
  • The torrid first quarter catastrophic claims experience - which looks set to cost the industry as much as $16bn - has created extensive uncertainty over the attribution and potential extent of losses.
  • US insurer State Farm Fire & Casualty closed its Merna Re II cat bond on 1 April, affording $350mn of indemnity-based US earthquake cover.
  • Modelling firm Eqecat has placed the insured cost of the powerful earthquake that struck in Baja California on Sunday (4 April) at $300mn, with economic damage not expected to exceed $1bn.