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  • Class of 2001 Bermudian Montpelier Re could be the next (re)insurer to signal a return of capital to investors and sanction a new share buyback programme as early as its board meeting this week, according to a note from Barclays Capital.
  • Marsh & McLennan Companies (MMC), the parent company for brokers Marsh and Guy Carpenter, paid $435mn to settle securities and ERISA class actions last week.
  • Lloyd's and international (re)insurer Amlin issued an upbeat 10-month trading statement today (16 November), with strong investment returns and a benign claims environment combining with large reserve releases to hold out the prospect of bumper full-year results.
  • An inability to prove your loss is traditionally a major stumbling block to achieving a reinsurance recovery. But this is no longer the case, following a UK High Court decision last week in the dispute between Equitas and Randall & Quilter (R&Q).
  • Scor will stop providing reinsurance capital to Novae following the Lloyd's insurer's decision to launch a reinsurance business in 2010, The Insurance Insider can reveal.
  • Marsh & McLennan Companies (MMC), the holding company for brokers Marsh and Guy Carpenter, has paid $435mn to settle securities and ERISA class actions.
  • Marketform, the Lloyd’s insurer majority owned by the US firm Great American Insurance Group, is undertaking a significant reshuffle of its executive operations to improve its “corporate governance”.
  • Spanish competition authority the Comisión Nacional de la Competencia (CNC) has fined local insurers Asefa, Mapfre and Caser as well as leading global reinsurers, Munich Re, Swiss Re and Scor a total of EUR120mn for operating a cartel.
  • Rating agency Fitch said its concerns over reinsurers' ability to tap capital markets following a significant catastrophe have "sufficiently eased" after revising its outlook on the global reinsurance sector from negative to stable.
  • So-called ‘mega-claims’ are now a common occurence in the power (re)insurance market, with almost half of the $9.85bn total loss recorded over the last ten years the result of just 16 claims.