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  • World Trade Center developer Larry Silverstein will not be able to recover billions of dollars from airlines in relation to the 9/11 attacks because he has already been compensated by insurers, a US federal judge ruled this afternoon (18 July).
  • The flurry of litigation against the rating agencies following the sub-prime meltdown continues unabated.
  • Scor may have already used up 80 percent of its 2010 cat loss budget, after taking hits from the Chile and Haitian earthquakes and European Windstorm Xynthia in the first three months of the year.
  • The failure of previous ventures has given the London market a certain notoriety for its inability to embrace new processes and methods of doing business. But is this fair? And, more importantly, are we finally seeing some real progress?
  • Proposers of the Scottish Lion solvent scheme of arrangement are confident it will be sanctioned at a hearing in early July, as votes are totted up from its 2 March creditors' meeting.
  • France-domiciled insurer Axa plans to invest EUR10bn in infrastructure debt over the next five years through the real estate unit in its wealth management arm Axa Investment Managers.
  • QBE Europe has confirmed that of the 200 jobs that were subject to consultation as part of a restructuring overhaul, 125 redundancies are expected...
  • 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.
  • Global broker Willis has followed rivals in posting strong first-quarter results with 4 percent organic growth in fees and commissions
  • Start-up Bermudian reinsurance fund CATCo has signed up two executives from the Qatar Insurance Company to its board.