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  • Great American has reached a settlement with the office of Massachusetts attorney general Martha Coakley over bid rigging allegations.
  • The number of securities class actions settlements in the US has sunk to its lowest level in a decade
  • Hannover Re's $329mn K6 sidecar will cover one third of the firm's catastrophe-related gross losses from the New Zealand earthquakes, which means it could bear a hit of up to EUR125.5mn.
  • Typhoon Guchol, the first super typhoon of the 2012 season, is likely to cause insured losses in Japan of less than $500mn, according to cat modeller Eqecat.
  • Swiss Re profits slumped by 75 percent to SFr150mn for the first quarter, as the reinsurance giant took SFr2.1bn in net unrealised investment losses.
  • The head of Xchanging’s London market sector Clive Buesnel is to pioneer the rollout of the outsourcing firm in the US, The Insurance Insider can reveal.
  • Contract certainty has finally become a "hot" industry subject. Indeed, while market practitioners have long-criticised the industry's inability to consistently issue policy wordings on time, more recently regulators on both sides of the Atlantic have bec
  • Silverstein looks to be the comeback kid in second round of wordings spat The final bout of the long-running legal dispute over WTC insurance cover made its way into court again last month, with the building’s leaseholder Larry Silverstein again determ
  • Lloyd's and Bermuda (re)insurer Omega Insurance Holdings has received acceptances of approximately £45.7mn of capacity, representing 21.9 percent of the outstanding capacity on its Lloyd's Syndicate 958.
  • The big three global brokers have all seen their stocks trade upwards today following news that AJ Gallagher will be permitted to again enter into contingent commission arrangements from 1 October.