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  • Berkshire Hathaway backed Lloyd's insurer Euclidian is considering an IPO that could value the firm at between £100mn-£150mn. The insurer, which underwrites via its Lloyd's Syndicate 1243 and a personal lines, Gibraltar based subsidiary, has approached
  • Listed broker Jardine Lloyd Thompson Group plc has beaten off fierce competition to win the contract as insurance construction partner for the London Olympics in 2012.
  • XL Capital has continued the market trend for returning capital to shareholders after announcing its second share buyback programme this year.
  • AIG's muscular approach to litigation continued with a threat to sue Goldman Sachs over mortgage-related offerings, the investment bank said in its 9 August quarterly filing with the Securities and Exchange Commission.
  • Four ex-General Re executives have reached settlements in the civil action over a sham finite reinsurance transaction involving the Berkshire Hathaway-owned reinsurer and American International Group (AIG).
  • The world's largest insurer AIG yesterday (20 September) released its estimated catastrophe losses for the third-quarter, primarily due to Hurricane Katrina, of around $1.1bn post-tax.
  • New York attorney general Andrew Cuomo is to scrutinise executive compensation since the start of 2007 at American International Group (AIG) as he launched a probe into what he called “unwarranted and outrageous” spending by the fallen giant.
  • Australia's slew of catastrophes have been categorised as eight distinct events for insurance purposes by the Insurance Council of Australia (ICA).
  • Derivatives platform Insurance Futures Exchange Services (IFEX) which began trading in US catastrophe risks as futures contracts in September, now has cumulative trading volumes totalling more than $31mn...
  • XL Capital has furthered the market trend in repatriating capital after announcing its second share buyback programme this year.