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  • A tranche of Munich Re's $150mn Carillon Ltd US wind cat bond has become the latest of a quartet of Lehman Brothers-affected insurance-linked securitisations (ILS) to default.
  • US insurer Hartford Fire Insurance Co has launched $100mn Foundation Re III – its third transaction in the Foundation series and the first insurance-linked security (ILS) of 2010.
  • The most serious risk facing the world today is of a succession of fiscal crises caused by the fallout from the global financial collapse, according to Global Risks 2010.
  • The Lloyd's underwriters that insured Stanford Financial Group's D&O and professional indemnity policies were last week asked to forward a further $2.6mn to pay defence costs while they wait for a US judge to rule on their liability.
  • Private equity-backed Antares Syndicate 1274 has received approval from both Lloyd's and the FSA to establish Antares Managing Agency Limited (AMAL) – a move first revealed by The Insurance Insider.
  • Aspen reshuffled its senior management roles last week, with London veteran Rupert Villers promoted to CEO of the firm's insurance business.
  • UK property and casualty (P&C) insurers face escalating claims after an Edinburgh court upheld legislation that allows sufferers of pleural plaques in Scotland to be compensated, Moody's has warned.
  • Lloyd's Franchise Performance director Tom Bolt last week poured cold water on the immediate competitive threat created by the proposed resurrection of the New York Insurance Exchange.
  • Shareholders in embattled Omega Insurance Holdings are still awaiting a date for a special general meeting (SGM) to air their demands to revamp the company board, despite rumblings last week that an announcement was imminent.
  • Admiral, the UK motor insurer that cannily uses reinsurance leverage to generate industry-leading returns on equity (RoE), has entered into new quota share agreements with Munich Re and Hannover Re to finance its entrance into the US markets.