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  • Swiss Re is effectively on risk for half of the $3.1bn 2009 reinsurance programme placed for the California Earthquake Authority (CEA), The Insurance Insider understands.
  • Bermudian (re)insurer Max Capital Group has had its outlook upgraded to positive from stable on all of its ratings by AM Best, which has also affirmed the financial strength rating (FSR) of A- (Excellent) of Max Bermuda.
  • As a result of the most severe financial crisis since the 1930s, the world will see a severe recession without the prospect of a rebound before mid 2009...
  • A report produced for the Mayor of London by Bob Wigley, Chairman of Merrill Lynch Europe to examine how London could sustain its position as the world’s leading financial centre has concluded the city is in danger of losing out...
  • JLT group's marine and energy specialist broker Lloyd and Partners is set to recruit two members of Aon Benfield's facultative offshore energy team, our sister title Inside FAC revealed last week.
  • Bermudian insurer Endurance Specialty Holdings is selling off its London insurance unit after a strategic review, The Insurance Insider revealed last week.
  • A bitter dispute involving two run-off giants culminated in a victory last week for Randall & Quilter (R&Q) affiliate Cavell USA and R&Q founder Ken Randall against two insurance companies connected to Bermuda-headquartered Enstar Group
  • The UK High Court gave the go-ahead to the first solvent scheme of arrangement by a German reinsurer, paving the way for other German companies to consider using the UK run-off closure technique.
  • American International Group (AIG) hopes to pick up the pace in its attempts to sell off multi-billion dollar assets as its chairman and CEO Ed Liddy said he expects to announce a number of transactions in the coming weeks.
  • XL Capital has confirmed that it has hired Goldman Sachs to "explore value-enhancing opportunities" as it pointed to an increase in Q4 investment write downs.