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  • The recent surge in reinsurance-to-close (RITC) transactions is reflected in Lloyd's figures that reveal a dramatic fall in the number of run-off years of account at the end of 2007.
  • The UK government is to delay the introduction of anti-bribery legislation over concerns it would prevent multinational firms winning business abroad. The legislation was meant to come into force in April, but has been delayed to give firms further time to prepare.
  • The General Insurance Corporation of India is on the slip for the Tupolev TU-154 passenger aircraft that crashed in northwestern Iran, killing all 168 on board, The Insurance Insider understands.
  • Aquiline Capital Partners LLC, the private equity firm headed by the former MMC chief executive Jeffrey Greenberg, has raised $1.1bn in capital for its initial fund, the Aquiline Financial Services Fund LP.
  • Zurich Financial Services (ZFS) has posted Q3 2003 profits of $701mn, compared with a net loss of $763mn for the same period in 2002.
  • Industry give cautious welcome to US Court decisions which reign in excesses of the Wall Street litigation; $1bn settlement removes 309 IPO companies from “laddering” litigation Insurers exposed to the myriad of US shareholder class action suits were
  • Broker Glencairn has today opened a new South African office in Johannesburg and launched a new company providing a broking service to Southern African clients. The move follows Glencairn’s 2003 management buy-out from Glenrand MIB group, since...
  • BNP Paribas and Deutsche Bank are marketing a $200mn US wind and quake cat bond for French reinsurer SCOR, our sister title Trading Risk revealed on 15 January.
  • Brit Insurance has hired former XL Capital chief processing officer Malcolm Beane as COO, effective from 21 September.
  • Swiss Re's settlement with Berkshire Hathaway over a disputed life retrocession contract could be a positive for capital management prospects at the Zurich-headquartered reinsurance giant.