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  • Amlin-backed dedicated ILS investor Leadenhall Capital Partners has launched two $50mn Irish-based funds.
  • Hartford Financial Services Group will pay $1.3mn to resolve a lawsuit from Connecticut attorney general Richard Blumenthal alleging that a former reinsurance business engaged in illegal price-fixing.
  • The International Association of Insurance Supervisors (IAIS) highlighted the important role of insurance "as a means of socio-economic development" at its annual conference in Rio de Janeiro last week.
  • American International Group (AIG), which received $182.5bn from the federal government's $700bn Troubled Asset Relief Program (TARP), has missed three dividend payments to the Treasury.
  • Credit rating agencies Moody's and S&P have until the end of the week (30 October) to respond to fraud charges levelled in a far-reaching class action suit accusing them of masking the risks of the collapsed Cheyne SIV.
  • Luzi Hitz, CEO of European catastrophe information aggregator Perils AG, said the company's plans to provide a European industry-wide loss index will boost capacity in the European insurance-linked securities (ILS) and industry loss warranty (ILW) markets
  • With the Q3 reporting season picking up pace this week, strident third quarter results from early reporting US and Bermudian (re)insurers have brought the issue of capital management back into sharp focus.
  • After a lengthy impasse, Russian-backed private equity firm Pamplona Capital Management has finally upped its shareholding in Lloyd’s insurer Chaucer to 16.27 percent.
  • Willis CFO and COO Patrick Regan has announced plans to leave the insurance broker to join the world’s fifth largest insurance group, Aviva, as CFO.
  • Lloyd’s (re)insurer Brit has posted an upbeat Q3 management outlook as its reinsurance and UK markets business units achieved strong premium growth to offset declines at its global markets division.