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  • There continues to be a lack of consensus on the structure of cat bond transactions as the ILS sector responds to the lessons learnt from Lehman Brothers.
  • The $235mn settlement agreed by Banco Santander over its Madoff exposures could increase pressure to force rates upwards in the international directors' and officers' (D&O) markets if a full loss comes in on the bank's cover.
  • According to the consensus of a collection of senior industry figures, the days of a top-heavy market with large amounts of capital chasing transactions and pushing deals through at a premium to NAV are gone.
  • Bermuda-based property and casualty reinsurer in run-off Alea Group has put its UK arm up for sale, with the process already entering the next stage of bidding, The Insurance Insider can reveal.
  • With traditional US cat reinsurance rates rising more slowly than anticipated on increased supply and lower demand, cat futures pricing softened by up to 10 percent for US wind contracts ahead of the hurricane season, as capacity came in to the market.
  • A new specialist (re)insurance law firm - Carter Perry Bailey (CPB) - opened its doors for business on Lloyd’s Avenue at the beginning of June.
  • Legacy industry descends on Norwich; Enstar wins Copenhagen Re race; McArthur leaves R&Q
  • The collapse of Hong Kong-based insurer Anglo Starlite has caused taxi insurance premiums in the region to treble, provoking fury among drivers.
  • Standard & Poor’s (S&P) has cited Hannover Re’s retro strategy as a factor in deciding to downgrade the outlook to negative on the reinsurer’s AA- credit and insurer financial strength ratings.
  • EC3 players worried financial crises will lead to unwarranted scrutiny; FSA assessments launched.