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  • Bermudian Endurance Specialty Holdings Ltd is set to open an office in Continental Europe, with the fast-growing (re)insurance hub of Zurich the likely target, according to sources.
  • The unravelling of the "Spitzer" agreements made by the former New York attorney general and the global brokers in 2005 continued last week with news that Willis Group could also start charging fees to insurers.
  • Peter Matson, the co-founder of UK liability insurer PRI, has become the third key person to leave Brit Insurance Holdings after its controversial acquisition of PRI earlier this year.
  • Takeover speculation again gripped reinsurance broker Benfield Group last week as an insurance analyst linked Aon Corp with a possible move for the UK quoted firm.
  • Lloyd’s announced today (6 June) that it is to return to the debt markets with a benchmark issue of between £300-500mn in Tier 1 perpetual subordinated debt.
  • Lloyd's chairman Lord Levene has told US business leaders they need to be more concerned about business interruption costs, corporate fraud and increased liability claims if they are to successfully manage risk in an increasingly unstable world.
  • Failed (re)insurer Goshawk Insurance Holdings PLC has announced post-tax profits for the first half of 2007 of $1.7mn up from the $2.6mn loss it reported for the same period last year.
  • AJ Gallagher & Co's Chicago neighbour Aon Corp has emerged as the frontrunner to buy Gallagher Re, the reinsurance broking firm put up-for-sale by its parent company.
  • Swiss Re has again returned to the capital markets to trade earthquake exposure with the launch of MedQuake Ltd, a $100mn cat bond covering Turkey, Greece, Israel, Portugal and Cyprus.
  • XL Group's financials received a muted response from analysts despite reporting consensus beating fourth-quarter operating earnings per share (EPS).