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  • Microsoft has teamed up with six insurance IT firms in a bid to provide a "one-stop-shop" for the London market.
  • UK consolidator Towergate Partnership has acquired the private medical insurance (PMI) provider City & Suburban Health.
  • Swiss Re has devised a new business model, with the aim of being "the first place companies turn to for solutions", according to the firm's CEO Jacques Aigrain.
  • Prosecutors in the trial of former General Re and American International Group (AIG) executives found guilty in a sham finite reinsurance contract have vowed to continue investigations up the corporate ladder.
  • A further symptom of the impact of the sub-prime crisis has emerged, with the hardening of directors’ and officers’ (D&O) rates for financial institutions, according to new research.
  • Bermuda could be in line for an influx of financial guarantee reinsurers following the sub-prime mortgage crisis, according to The Bermuda Monetary Authority (BMA).
  • Losses from the global credit market crisis are set to top $600bn, with banks and brokers accounting for over half that figure, according to UBS analyst Geraud Charpin.
  • The UK's first dedicated insurance company providing takaful policies is set to be launched in a bid to tap into the UK's large Muslim population.
  • Shares in Australian (re)insurer QBE Group slumped after the company missed analyst profit estimates for 2007.
  • Lloyd's insurer Beazley has warned that the squeeze on commercial property insurers will become "extreme" as market discipline slips and rates continue to fall.