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  • Platinum Underwriters Holdings has become the latest (re)insurer to increase loss estimates from Hurricane Ike as the true impact of September’s storm continues to escalate.
  • Aon Benfield, the reinsurance arm of broking giant Aon Corp is to outsource its UK back office following the £935mn merger of the two firms last year.
  • Chubb Europe completes London move; Bermudian Starr gets A rating; Japanese trio in merger talks; US P&C sector slides to loss; CEA responds to QIS4 despite impasse; Swiss Re secures $1.5bn to ease capital concerns; Torus acts as Citadel scales back
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP...
  • 2008, with Hurricanes Ike and Gustav, a spate of US tornadoes, and nearly $7bn in single risk losses, is now being regarded as the second-worst year for catastrophe losses on record.
  • The nascent catastrophe derivatives markets have now traded more than $440mn of notional volume since their inception in late 2007.
  • Expansive Lloyd's insurer Jubilee has officially launched its global property business under the leadership of former Travelers underwriter Martin Pope - a move predicted by The Insurance Insider last July.
  • The steady flow of senior executives out of American International Group (AIG) continued into the New Year as the heads of the beleaguered insurance giant’s environmental unit left to launch a new business at Bermudian Ironshore.
  • Expansive US insurer AMTrust Financial Services is planning a Lloyd's syndicate launch later this year, The Insurance Insider can reveal.
  • The liquidated estate of US workers' compensation insurers Mission Insurance Companies yielded a further $121mn for policyholders, bringing the total amount distributed to approximately $1.5bn.