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  • Tawa back in black; draws out $35mn; Minster scheme towers ahead; Camomile closure plans blossom.
  • Illinois-headquartered Kemper Insurance Co has seen the surplus in its primary run-off unit, Lumbermens Mutual Casualty, plummet over the last year, fuelling speculation over the prospect of it entering liquidation.
  • Charles Taylor Consulting (CTC) has battled its way through a tough 2009 to post net profits of £11.9mn, up from £8.6mn a year earlier.
  • Covington & Burling (C&B), the US law firm that specialises in representing policyholders in proposed schemes of arrangement, has had its motion to launch a counter-appeal of the controversial Scottish Lion scheme dismissed.
  • Ireland's second largest insurer, Quinn Insurance, has been forced into provisional administration by the UK High Court and ordered to cease writing new business in the UK, but Irish policyholders can continue to renew policies.
  • As expected, the European Union declined to renew some of the regulations that exempt Europe's insurers from complying with its anti-trust rules.
  • The FSA last month called on the insurance industry to go back to basics and focus on turning an underwriting profit.
  • If so inclined, the UK could improve its attractiveness as a potential insurance domicile without having to resort to eye-catching cuts in the headline rate of corporation tax.
  • The UK's Financial Services Authority (FSA) has made use of a little-known statutory mechanism to stall Pamplona Capital's plans to build a significant stake in Lloyd's insurer Chaucer.
  • The higher prices charged for capital markets' capacity are justified in the current climate, according to Chubb chief risk officer (CRO) Joel Aronchick.