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  • Legendary investor George Soros is behind a new reinsurer which aims to acquire Lloyd's "open-years" liabilities in a move which indicates the capital markets are taking a closer look at the non-life industry's run-off exposures.
  • Florida might seem an unusual place to embrace socialism, but the state's effective nationalisation of its hurricane cat programme last month has continued to reverberate...
  • R&SA proposed US spin-off receives a thumbs up; Bear Stearns completes Minster acquisition
  • Florida challenges IPO plans; Steamboat Re fuels capital to $1.2bn; Swiss Re launches $700mn mortality cat bond Vita III; PXRE faces $53.4mn termination charges...
  • EU insurance enquiry also raises key action ; A not-so-interim report?; Reinsurer terms and classification under scrutiny; Long-term contracts anti-competitive?
  • The Commission also expressed concern about the prevalence of so-called "best terms" clauses in reinsurance contracts which, it said, could restrict competition and breach...
  • German reinsurer R+V Versicherung was awarded over £14mn in its long-running dispute with the former Lloyd’s-based managing agency Risk.
  • Aon Corp unveiled a significant restructuring of its senior international management last month which saw Steve McGill, the former JLT Group chief executive, become the head of a newly created Aon Global division.
  • Strong growth at subsidiaries Guy Carpenter, Kroll and Mercer pushed Marsh & McLennan Companies Inc (MMC) to book fourth quarter 2006 revenue growth of 9 percent to $3.1bn, as it reported consolidated net income of $226mn for the period.
  • Insurance broker Willis Group Holdings revealed it would be reducing its headcount by an extra 100 people as it reported annual profits had grown to $449mn last year, compared to $281mn in 2005.