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  • Run-off provider PRO Insurance Solutions has become an accredited Lloyd's run-off broker, gaining full access to the London market accounting and settlement systems.
  • The timetable for implementing Solvency II is likely to be delayed to 2013 as the proposal for European-wide insurance regulation struggles in murky political waters and amidst the current financial turmoil.
  • The Aon Benfield deal is due to close on 28 November after the final regulatory obstacles to the £844mn cash tie-up have been completed.
  • Amlin plc has predicted a strong rise in reinsurance rating levels as insurers look to retain less of their exposures, reversing the trend of recent years.
  • Legislation to reform the Lloyd’s Act 1982 officially came into force today (19 November) in a move that the UK government said will modernise the operation of the world’s oldest insurance market.
  • The Office of Fair Trading (OFT) has cleared Aon Corporation's proposed takeover of reinsurance broker Benfield Group, removing one of the final potential obstacles to the deal.
  • While President-elect Obama's democratic administration will move to "re-examine" the relationship between low-tax domiciles and the US, the US is currently in "desperate need of capital for its insurance market"...
  • Hurricane Ike, which made landfall as a category two hurricane over Galveston Island, Texas on 17 September after smashing Cuba and the Caribbean, confounded modelling agencies by forming much further west...
  • Swiss-based (re)insurer Glacier Group says it expects gross claims before reinsurance from Hurricanes Gustav and Ike of $6mn and $65mn respectively, based on industry loss estimates of $5bn for Gustav and $16bn for Ike.
  • French-headquartered reinsurer SCOR booked a relatively strong net profit for the year to 30 September of EUR280mn – down just 6.7 percent on the prior-year period.