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  • London-based aviation MGA, Global Aerospace Underwriting Managers (GAUM) is the lead insurer and Aon the broker for the Federal Express (FedEX) cargo plane that crashed at Tokyo’s Narita airport on Monday (23 March)
  • Despite investor caution and the category five financial storms, a new industry loss warranty fund (ILW) was launched last week to capitalise on the recent spike in rates.
  • The knotty question of how to make London the domicile of choice for the world's (re)insurers was analysed comprehensively at The Insurance Insider's lively London 100 working group in March...
  • The industry's total losses from sub-prime, credit crisis and liquidity related litigation could reach $16bn, according to a senior Swiss Re claims manager.
  • Argenta Syndicate 2121 has become the latest addition to the Lloyd's Asia hub, as the parent of the Lloyd's insurer revealed it has parted company with Richard Yeo - the active underwriter on its existing Singapore-based Syndicate 1965.
  • Soros-backed (re)insurer Glacier Group saw its 2008 profits hit by the year's heavy losses, as the firm's combined ratio climbed from 75.5 percent to 99.6 percent.
  • Barlow Lyde & Gilbert (BLG) has parted company with the former head of its reinsurance arm, Colin Croly.
  • Bermuda could be set for further M&A activity as billionaire investor Wilbur Ross said he is looking at buying and merging reinsurance companies with market caps of $1bn-$2bn.
  • Solvency II could “punish” the legacy industry by imposing much greater capital requirements on discontinued books of business, attendees at the Cologne Commutations Rendez-Vous were warned last week.
  • Florida's state-run property insurer, Citizens Property Insurance Corp, is set to sell $2.5bn of pre-event bonds to raise funds for potential claims arising out of the forthcoming hurricane season.