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  • Analysts from Morgan Stanley believe sovereign defaults from Eurozone members or other developed countries are "extremely unlikely", and consider insurers well placed to ride out the current sovereign debt storm.
  • A damning internal report has identified widespread malpractice in the management of the London Market Group (LMG)'s flagship eAccounting project, The Insurance Insider can reveal.
  • Former RenaissanceRe executives Bill Riker and Michael Cash have completed their first collateralised reinsurance transactions for Q Re (Bermuda) Ltd - a new, class 3 Bermudian reinsurer backed by legendary investor George Soros.
  • Lloyd's (re)insurer hires Bermuda heavyweights; Catlin returns to Swiss Re for new CIO.
  • The underwriting agencies of private equity-backed Hyperion increased its gross written premium by a third in 2009, as the company continues its rapid expansion.
  • Proposed regulatory changes from the Financial Services Authority (FSA) have been attacked because - along with Solvency II - they will mean that insurers have to work under three different regulatory regimes in two years.
  • A US district judge has thrown out a lawsuit filed by now-defunct steel producer Crucible Materials Corp against a group of Lloyd's underwriters, after a longstanding battle over environmental claims.
  • The Scottish Appeal Court dealt "very clearly" with the concern created in the run-off market by the first instance dismissal of the proposed Scottish Lion scheme of arrangement, says law firm Reynolds Porter Chamberlain (RPC).
  • Expansive US insurance group Tower Group has snapped up the personal lines activities of White Mountains subsidiary OneBeacon Insurance Group for $180mn, to form the backbone of a new $700mn revenue business.
  • Jubilee has received Lloyd's approval to merge its motor and property and personal line syndicates, as first revealed by The Insurance Insider in November last year.