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  • The California Earthquake Authority (CEA)'s risk transfer programme for 1 August decreased limit by 8 percent to a total of $3.1bn, driven mainly by a reduction in collateralised participation, according to August meeting documents published last week.
  • Aspen Re has become the first Bermudian reinsurer to implement electronic accounting and settlement (A&S).
  • HLF Group has become embroiled in a controversy over undisclosed commission payments relating to a contract with the Australian Federal Government.
  • Berkshire Hathaway has had its AAA counterparty credit rating downgraded a notch by Standard & Poor's (S&P) due to the "very high" risk associated with its $26bn debt-funded acquisition of railway operator Burlington Northern Santa Fe.
  • Bermuda and Switzerland - favoured domiciles for many international (re)insurers - are first on European regulators' list for granting Solvency II equivalence to non-EU countries.
  • French giant AXA today (4 January) announced it has agreed a deal to sell the US operations of its recent acquisition Winterthur to QBE Insurance Group for total consideration of $1.8bn.
  • Atrium Underwriters and MAP's latest updates on returns from their Lloyd's syndicates have shown improving results, with both closing their 2009 years above the top of previously forecast ranges.
  • Perhaps demonstrating the capital market's restraint over supporting new reinsurance ventures, a trio of start-ups in the sector that were mooted to list on the London Stock Exchange's Alternative Investment Market (AIM) have been withdrawn. 
  • Administrators of loss-hit Kamp Re 2005, Zurich Financial Services' (ZFS) catastrophe bond, have extended the original maturity date by a month, to 14 January 2008, pending a final determination of the loss amounts.
  • Shares in reinsurance broker Benfield Group have fallen almost 8 percent to 280p in early trading today (10 December) after it made a profit warning this morning.