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  • Investors reacted positively to the latest restructuring by Aon that will lead to the loss of 2,700 jobs, the equivalent of 6 percent of its global workforce.
  • The imminent renewal of the flagship Lufthansa account looks set to underline the soft conditions in the airline market with underwriters apparently set to accept greater exposures for effectively a similar rate as last year.
  • Harbor Point secures A rating for $500mn US platform; Bermuda facing December General Election; Expansive MAPFRE in $2.2bn US push; Ironshore gains admitted status; New York drives collateral relief for non-US reinsurers...
  • Run-off insurer Highlands Insurance Company (UK) Ltd went into insolvent administration at the High Court on 1 November.
  • Lloyd's own run-off arm Centrewrite has joined the queue of capacity prepared to offer reinsurance-to-close (RITC) quotes for "open year" syndicates.
  • London-based law firm Kendall Freeman has been looking for a partner for some time and so seasoned watchers were not surprised by its proposed tie-up with the US firm Edwards Angell Palmer & Dodge LLP (EAPD)...
  • London market reinsurers led by Allianz have had their appeal dismissed against the striking out of significant parts of their defence in the controversial EUR44.3mn dispute with the North Korean national insurer.
  • QBE Limit and Markel International's UK High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) and other defendants over construction bond fraud allegations has been postponed until next year.
  • Reinsurance broker Guy Carpenter is developing a product to allow (re)insurers to hedge the risk of under-reserving on long-tail casualty lines of business.
  • Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd, which aims to transfer "vanilla" exposures by employing securitisation...