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  • Closing prices for 2008 US cat windstorm losses leapt nearly six percent yesterday on the derivatives platform Insurance Futures Exchange Services (IFEX) signalling that traders think there is a greater chance of a major windstorm loss next year.
  • UK run-off firm Randall & Quilter Investment Holdings (R&Q) is poised to float on the London Stock Exchange’s Alternative Investment Market (AIM), The Insurance Insider can reveal.
  • Cevian Capital, the activist investment fund backed by Carl Icahn, has taken a 3 percent stake in Munich Re.
  • The world's largest interbroker-dealer ICAP plc and insurance broker JLT Group plc have launched their joint venture to establish an insurance based derivatives and securities broking platform, subject to FSA approval.
  • The proposed Scheme of Arrangement for Sphere Drake, part of the WFUM pool, was sanctioned in the UK High Court on 6 November.
  • Ironshore Inc's approach for Lloyd's insurer Heritage Underwriting Agency will renew the interest of other Bermudian firms looking to buy their way into Lime Street, according to Numis Securities analyst Nick Johnson.
  • Our monthly column keeping a check recent US and EU legal and regulatory developments, in association with Sidley Austin LLP
  • Heritage Underwriting Agency plc, the specialist Lloyd’s insurer, has admitted receiving an "indicative proposal" but says the "the price contained within the proposal significantly undervalues the company".
  • Loss-hit cat bond Kamp Re 2005 is in "uncharted waters" following the move by the bond’s administrators to extend the original maturity date, according to Zurich Financial Services...
  • The industry will continue to securitise (re)insurance risk despite the continuing prospect of falling rates.