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  • International insurer AXA felt the strain of difficult global equity markets last week as it was forced to abandon its ‘Ambition 2012’ long-term growth target aimed at trebling underlying earnings per share between 2004 and 2012.
  • Aviation pool Global Aerospace Underwriting Management (GAUM) leads the $47mn hull cover for the Air New Zealand-owned Airbus A320 that crashed on 27 November in Perpignan, The Insurance Insider understands.
  • London market broker Howden, a subsidiary of private-equity backed Hyperion Insurance Group, agreed the transfer of Benfield Corporate Risk’s (BCR) John Plummer-led US wholesale property and casualty team, as predicted by The Insurance Insider.
  • Australian (re)insurance group QBE is raising almost $1.4bn to fund an ambitious expansion drive which will see it purchase US underwriting agency ZCS for $575mn, continuing its recent US growth.
  • Patrick Holcroft, the chief executive of private equity backed London market broker RFIB Group, is to step down, The Insurance Insider can reveal.
  • Amlin plc is raising capital to form a new quota share syndicate for 2009 financed by Lloyd’s Names to take advantage of the improving market conditions, The Insurance Insider revealed on 28 November.
  • Aviation pool Global Aerospace Underwriting Management (GAUM) leads the $47mn hull cover for the Air New Zealand-owned Airbus A320 that crashed yesterday (27 November) in Perpignan, The Insurance Insider understands.
  • Amlin plc is raising capital to form a new quota share syndicate for 2009 financed by Lloyd’s Names to take advantage of the improving market conditions, The Insurance Insider can reveal.
  • The audacious hijacking of the Saudi supertanker Sirius Star 400 nautical miles off the coast of Kenya earlier this month upped the ante for piracy in the region and is causing hull, cargo and P&I underwriters to look closely at policy wordings...
  • Fabrice Desnos, CEO of Credit insurance specialist Euler Hermes UK has told The Insurance Insider that an increasing number of risks “have become uninsurable in the strictest sense” and underwriters are having to be more selective...