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  • Benfield, one of the world's largest reinsurance brokers, distributed listing particulars to potential investors on 28 May valuing the management owned firm at between £500mn-£660mn (midpoint £580mn). Despite moving its registration to Bermuda, last y
  • The dispute between New Zealand's Earthquake Commission (EQC) and domestic insurer Tower over the residential damage bill from the second Christchurch earthquake in February turns on when the Commission's insurance cover reinstates.
  • The WTC dispute ignites again as Swiss Re strives to prevent Silverstein from appealing pro-insurer decision In a strongly worded response to Silverstein's attempts to appeal the New York Court's decision to deny summary judgment against Travelers Ind
  • Despite their “extraordinarily strong results”, the post 9/11 insurance start-ups which flocked to Bermuda have still to prove they can maintain their performances in the long-term.
  • Bill Lerach, the veteran class action lawyer who represented Enron investors and other shareholders suing large corporations, will retire from the law firm he founded to fight allegations of improper activity...
  • 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.
  • 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.
  • Expanding Australian sports underwriter Sportscover has announced the extension of its network into Ireland after teaming up with broker and sports specialist O’Driscoll O’Neil.
  • Willis Group Holdings confirmed last week that it was in discussions over selling a portion of its interest in privately held French broker Gras Savoye & Cie.
  • Hank Greenberg, the former American International Group (AIG) chief executive, sold 40 million shares in the fallen insurer, netting around $126mn last week.