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  • Bermudian Flagstone Reinsurance Holdings Ltd is expected to make its debut on the New York Stock Exchange this Thursday (29 March) as the (re)insurer goes ahead with its long-awaited $202mn IPO.
  • Forecaster Tropical Storm Risk (TSR) has again raised its predictions for this year’s North Atlantic hurricane season.
  • Reinsurance broker Benfield Group continues to bolster its Facultative Solutions teams after last year’s mass defection to rival Aon Corp.
  • Two brokers from UK public and employer’s liability specialists Preston Whiteside were jailed last week for defrauding small businesses.
  • Lloyd's chairman Lord Levene, who has long campaigned for a lower corporate tax rate in the UK, endorsed the 2 percent cut made by Chancellor Gordon Brown in his final budget.
  • Catastrophe modelling agency Risk Management Services (RMS) has warned that a large earthquake striking near the Chinese capital Beijing could cause $100bn in (economic) damages.
  • Xchanging is planning to raise up to £150mn in a planned April initial public offering (IPO) which could see the firm valued at over £400mn, Insider Week can reveal.
  • Lloyd's insurer Hardy Underwriting Group has revealed that it will stay in London, but that the possibility of moving to a low tax jurisdiction remains firmly in its sights.
  • The spectre of asbestos has returned to haunt reinsurance giant Munich Re as it revealed in its full annual report this morning (20 March) a $600mn strengthening of loss reserves for related claims.
  • Amlin Bermuda has picked up underwriter Richard Holden from Wellington Underwriting plc following the Lloyd’s insurer’s merger with rival Catlin.