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  • An annus horribilis in the space insurance market tailed off with a second potential satellite loss in December.
  • The European Commission is backing down from its concerns over co-insurance, or subscription, markets and is likely to sanction the previously under-fire practices of harmonised terms and conditions, The Insurance Insider has learned.
  • German giant Munich Re has become the latest group to take advantage of the deregulated Brazilian market.
  • US insurer HCC Insurance Holdings Inc has settled the class action lawsuit over its stock-option granting practices for $10mn.
  • Lloyd's (re)insurer Hardy Underwriting Group (HUG) has received court approval for its scheme of arrangement to redomicile its operations to Bermuda.
  • Lloyd's managing agency Novae Syndicates Limited has reported no deterioration in run-off reserves as it continues to successfully manage down its legacy business.
  • Lloyd's (re)insurer Beazley Group has set up a new division focusing on political and contingency risks.
  • Sustained profit performance bolstered by prior-year reserve releases emerged as a common theme among Bermudians reporting fourth quarter and full year 2007 results.
  • ECF figures improve after re-audit; P&I reinsurance structure static, but costs rise; Lloyd's capacity static for 2008; THB finalises PWS deal...
  • A New York court has recognised the jurisdiction of the UK courts in the insolvency of run-off insurer Highlands Insurance Company (UK) Ltd.