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  • Benfield Group said Florida's decision to near double its hurricane catastrophe bond will cost the group an estimated £10mn in trading profits this year.
  • Benfield Group will treat the £9.525mn which Aon Re has agreed to pay to settle the litigation springing from the defection of a key producing team as an exceptional item this year.
  • The decision of Lloyd's insurer Hiscox Ltd to open a Bermudian underwriting platform has "paid off handsomely", according to Robert Hiscox, the firm's chairman.
  • Catlin Group has agreed to pay £16mn to Names who traded Wellington capacity in the Lloyd's auctions last year before the two insurers announced they were in takeover talks.
  • Aon Re Global has agreed to pay Benfield Group £9.525mn to settle the litigation which sprang from the defection of Elliot Richardson, and his facultative team, last year.
  • US regulators are continuing to stall on proposed measures to change collateral requirements for so-called "alien reinsurers".
  • Maurice "Hank" Greenberg sold another chunk of his American International Group (AIG) shares netting around $28mn last week.
  • The US government is set to introduce a bill to extend the Terrorism Risk Insurance Act (TRIA) in April.
  • China Reinsurance is planning to raise up to $2.6bn in an IPO later this year.
  • Lloyd's insurer Atrium Underwriting plc said its full-year results would be "materially ahead of current market expectations" after it improved its syndicate forecasts.