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  • Deutsche Bank is developing an equity-based insurance-linked instrument that would provide (re)insurers with an alternative to cat bonds and sidecar vehicles, The Insurance Insider understands.
  • Four ex-General Re executives have reached settlements in the civil action over a sham finite reinsurance transaction involving the Berkshire Hathaway-owned reinsurer and American International Group (AIG).
  • The Bermuda Monetary Authority (BMA) is enhancing insurance regulation in a push to become the ILS jurisdiction of choice.
  • Mining conglomerate BHP Billiton - which experienced heavy losses in 2008, primarily as a result of flooding in Australia - has decided to self-insure for property and business interruption risks.
  • A return to charging contingent commissions could net MMC more than $250mn a year, according to estimates.
  • Jeffrey Greenberg's private equity firm Aquiline Capital Partners has made an undisclosed investment in Rod Fox-headed TigerRisk to support the US reinsurance broker’s continued growth.
  • Global reinsurance broker Guy Carpenter has agreed a deal to buy London-based reinsurance broker Rattner Mackenzie Limited (RML) from US specialty insurer HCC Insurance Holdings (HCC).
  • Oxygen Holdings celebrates five years with a restructure that appoints Graham Elliott, former global director of Institutional Equity Sales at Prudential Equity Group, as CEO of its UK broking subsidiary, Oxygen Insurance Brokers.
  • Global reinsurance giant Munich Re is resuming the share buyback programme it cancelled seven months ago at the nadir of the global financial crisis, citing a "stabilised economic environment" and "unneeded capital".
  • AIG UK has appointed Tom Colraine to the new role of chief operating officer, reporting to CEO Lex Baugh.