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  • Texas-based Southwest Insurance Partners Inc (SWIP) - the insurance investment vehicle led by HCC Insurance founder Stephen Way - has plans for a private offering to raise up to an additional $100mn in capital, The Insurance Insider can reveal.
  • At the time of going to press, London market insurers had received the first Madoff-related notifications on errors and omissions (E&O) and directors' and officers' (D&O) policies.
  • Insurance-linked investment fund Clariden Leu is launching a specialist industry loss warranty (ILW) fund for 2009, seeking to capitalise on a retro capacity crunch.
  • Three cat bonds are expected to be brought to market in late January/February raising hopes of dealflow through the insurance linked securities (ILS) pipeline that has been blocked since September last year.
  • As stock market indices around the globe recorded the worst calendar year declines in their histories, spreads widened to epic proportions and corporate bond values took a nosedive, major players in the US life (re)insurance market...
  • American International Group (AIG) has taken another step in its asset disposal programme with an agreement to sell its Canadian life insurance unit to BMO Financial Group (BMO) for around $308mn.
  • Torus aims for Lloyd's entry; Hardy boosts 2009 capacity; Munich Re launches new Lloyd's syndicate; Papworth to take Aon Benfield Fac team to Miller; Amlin sidecar 'oversubscribed'...
  • Zambian mining company Mopani Copper Mines Plc is now pursuing London-headquartered (re)insurance broker Cooper Gay in the UK High Court's Queen's Bench for an estimated $1.5mn in damages after failing to recover from its insurers last year.
  • Sportscover has ended its turnkey relationship with Argenta Syndicate Management after receiving approval from Lloyd's and the FSA to launch a new managing agency for its Syndicate 3334.
  • Shares in Lloyd's underwriter Chaucer Holdings recovered sharply over the holiday period as speculation built that it could be the next quoted Lloyd's insurer to be aquired.