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  • Guy Carpenter's Asia-Pacific Climate Impact Center (APCIC) over-estimated tropical cyclone activity in the Western-North Pacific region in 2009, the broker said in a review.
  • American International Group (AIG) may be forced to take more than $8bn of MetLife stock in lieu of cash if it wants to get life subsidiary Alico off its hands, according to US reports.
  • Hector Sants revealed he would stand down as CEO of UK regulator the Financial Services Authority (FSA) last week.
  • Flagstone Re booked a net loss of $85.2mn for the quarter and $326.1mn for the year as the burden of catastrophe losses decimated the reinsurer's bottom line and contributed to a 30 percent drop in shareholders' equity in 2011.
  • Bermudian-headquartered insurance giant ACE Ltd has sought to reassure investors over the potential exposure of its investment portfolio to the sub-prime fallout.
  • If its proposed acquisition of GE Insurance Solutions concludes without a hitch next summer, Swiss Re will be able to proclaim itself as the biggest reinsurer on the planet, leapfrogging its rival, Munich Re.
  • Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd, which aims to transfer "vanilla" exposures by employing securitisation...
  • Earlier this month, Florida's attorney general Charlie Crist became the latest US regulator to open an investigation into alleged bid-rigging and insurance commission arrangements. Crist's office said that he had subpoenaed 10 insurance brokers: MMC,
  • Dublin-headquartered (re)insurer XL has estimated that its likely net losses from the Japanese earthquake and tsunami will be between $190mn and $290mn
  • Platinum Underwriters continued to buy back its stock aggressively in the third quarter, while the (re)insurer's underwriting result was again left reliant on a significant contribution from reserve releases.