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  • The growing popularity of quota share reinsurance as a form of underwriting capital was underscored with news that Bermudian (re)insurer Flagstone Re is the leader on the £50mn transaction that enables Lloyd's insurer Chaucer Holdings to...
  • This week the UK High Court is set to hear the closing arguments in the pivotal clash between Berkshire Hathaway-backed Equitas and Randall & Quilter (R&Q)-owned Brandywine.
  • The proposed Scottish Lion scheme of arrangement returns to court next month, in a hearing that will determine what impact a dissenting minority of policyholders may have on the initiative.
  • US insurer The Hartford Financial Services Group has closed the deal that sees it tap TARP (Temporary Asset Relief Program) US bailout funds to the tune of $3.4bn.
  • Fairfax Financial Holdings Ltd has been told by US regulator Securities and Exchange Commission (SEC) that its three-year long investigation into the firm is now closed and it will not recommend any enforcement action.
  • London market insurers writing liability cover for energy giant Sempra face a lower-than-expected payout, after the San Diego-based firm settled with homeowner insurers over liability for three California wildfires that devastated parts of the state.
  • CV Starr has tied up with Talbot Underwriting Ltd and QBE to launch a $75mn consortium to write US construction risks at Lloyd's.
  • Fitch changes RGA's outlook to negative; S&P goes negative on Gard; CIC takes over supervision of China Re
  • UK-quoted broker Thompson Heath Bond Group plc (THB) has pointed to sluggish insurance markets for a fall in the group's earnings at the six-month stage.
  • The British Insurance Brokers' Association (BIBA) has formed its BIBA London Market Region Committee (LMRC) to represent London market brokers.