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  • The administrator of Quinn Insurance has confirmed there will be no return to the writing of UK professional indemnity (PI) insurance, as rumours of a rescue package from Anglo Irish Bank continue to percolate.
  • Ambac Assurance Corp, one of the monoline insurance sector's giants, lost 17 percent of its stock market value last week after revealing a $1.5bn recapitalisation plan that disappointed investors hoping for a bigger rescue effort.
  • A controversial proposal to reform the US National Flood Insurance Program (NFIP) by adding wind coverage has been given the green light in the House of Representatives.
  • Bancassurance is gaining in popularity particularly in emerging markets, according to research by Swiss Re.
  • Ironshore Inc's approach for Lloyd's insurer Heritage Underwriting Agency will renew the interest of other Bermudian firms looking to buy their way into Lime Street, according to Numis Securities analyst Nick Johnson.
  • Lloyd's broker SSL is to move into the reinsurance arena with a new division headed by former Glencairn executive Jeffrey Wright.
  • In its 2009 SEC annual report filing, international broker Willis updated the market on the barrage of class actions filed over its role as insurance broker to the disgraced Stanford Financial Group (SFG).
  • Lloyd's has remained upbeat despite the market missing the 100 percent 2007 target for take-up on usage of electronic claims files (ECF) as it ended the year at 88 percent.
  • The (re)insurance industry has continued its assessment of the likely financial impact of hurricane Katrina, the category 4 storm that brought devastation to New Orleans and the US South late last month.
  • The rules for Brazil's open reinsurance market are set to be published on 15 December, according to local sources.