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  • After Florida insurers got an easier-than-expected ride during the 1 June renewal season, thanks to "adequate capacity" from the traditional and non-traditional reinsurance markets, the key 1 July renewal date for US business looks set to be similar.
  • Equitas, the legacy albatross that has hung around the neck of Lloyd’s Names ever since its creation in 1996, can now be formally detached after the UK High Court approved the transfer to a new company, Equitas Insurance Ltd, yesterday.
  • Losses to the contingency market as a result of the unexpected death of pop legend Michael Jackson are expected to minimal, our sister title Inside FAC understands.
  • Goldman Sachs partner Michael J. Millette was heralded as the Outstanding Contributor of the year at the inaugural Trading Risk awards dinner on the 25 June, held in London.
  • Yesterday’s (25 June) death of pop legend Michael Jackson could result in a multi-million dollar insurance payout on the cancellation policy for the star’s sold-out global tour.
  • US-held American International Group (AIG) has revealed that it has obtained permission from the US authorities to position its top two international life insurance franchises for initial public offerings.
  • The biggest risk to recovery from the global economic slump is the potential for the global bond market to break down, according to Standard & Poor (S&P)’s chief European economist, Jean-Michael Six.
  • Russian-backed private equity firm Pamplona Capital Management has now built a 16.27 percent stake in Lloyd’s insurer Chaucer subject to receiving approval from UK regulator Financial Services Authority (FSA).
  • 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.
  • John Coldman, the chairman of reinsurance broker Benfield Group - which was acquired by Aon Corp last year in a £935mn deal - will formally step down from the organisation at the end of this month.