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  • Hannover Re’s proposed EUR75mn Eurus II European windstorm catastrophe bond will incorporate BNP Paribas’ (BNPP) repurchase agreement (repo) collateral structure, our sister publication Trading Risk has learned.
  • Deloitte has been selected by the European Commission (EC) to assess the likely impact of the Solvency II initiative on insurance markets and on insurers' balance sheets.
  • US insurance giant The Travelers Companies has proposed shifting regulatory rate making authority for wind and named storm coverage from state level to an independent federal commission...
  • Warren Buffett's Berkshire Hathaway was the mysterious "Party M" named in a regulatory filing which put in a cash bid of $1.7bn - or $30 per share - for Bermuda-based reinsurer IPC Holdings, according to reports.
  • Aon Benfield deputy chairman of Global Re Specialty, Wim Bushell, is set to leave the broking giant in early spring 2010, The Insurance Insider can reveal.
  • Ratings agency AM Best has affirmed the financial strength rating (FSR) of 'A' (Excellent) for Lloyd's of London and has forecast an ongoing "solid and flexible" capital base in 2009 and into 2010.
  • The Hartford Financial Services Group has moved to bolster its depleted senior management resources with the promotion of Juan Andrade to head up its property casualty operations.
  • Canadian combine Fairfax Financial Holdings Ltd has made a recommended offer to buy up the remaining shares in its majority owned Lloyd’s (re)insurer Advent Capital Holdings plc.
  • The Hartford Financial Services Group has moved to bolster its depleted senior management resources with the promotion of Juan Andrade to head up its property casualty operations.
  • A dissenting minority of US policyholders have delayed the proposed scheme of arrangement for Audley Gilroy-owned discontinued insurer Scottish Lion, and a UK court stayed proceedings until 8 January 2010, The Insurance Insider can reveal