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  • The UK Competition Commission has published a Statement of Issues for its inquiry into Lloyd’s members agency Hampden Private Capital’s acquisition of its rival CBS Private Capital’s advisory business.
  • Moody's largest shareholder, Warren Buffett, admitted to the US Congress last week that he "hates" the issuer-based pay model that ratings agencies operate under, but does not think that there is an alternative.
  • Perils, the European industry exposure and loss calculation firm, has estimated an initial industry loss of EUR300mn for windstorm Joachim, which swept through France, Germany and Switzerland from 15-17 December.
  • US insurers have received a second boost from the courts as they battle the “wind versus water” claims related to Hurricane Katrina.
  • Broking giant Aon Corp said it is again mulling the sale of its underwriting business, Combined Insurance Company of America (CICA), as it announced a 9 percent rise in brokerage revenue for the second quarter.
  • American International Group (AIG) has cancelled its deferred compensation programmes as it looks to remove incentives for staff to leave.
  • Fresh signs of growing unease among international regulators over the "risk free" status of sovereign debt have emerged, as Europe's creaking financial system
  • Former QBE underwriter joins the mysterious Lloyd’s based MGA RISK Andrew Lothian, the former QBE underwriter who was considering launching a start-up operation with his former colleague Bob Grant, is to join RISK, the Lloyd's based managing agency he
  • Reinsurers wishing to utilise solvent schemes of arrangement involving US cedants have been dealt a blow by a provision in the proposed framework setting collateral requirements for non-US entities.
  • Ratings agency Standard & Poor's (S&P) has downgraded its insurer financial strength (IFS) ratings of Bermudian reinsurer PartnerRe's operating subsidiaries by one notch to A+ from AA-