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  • The Dubai International Financial Centre (DIFC) has entered into a joint venture with the London Court of International Arbitration (LCIA) as the emirate aims to establish itself as an international arbitration jurisdiction.
  • American International Group (AIG) has won a decisive battle to keep its London-based aviation insurance team as the dispute with its former chief executive Hank Greenberg’s Starr entities becomes increasingly bitter, Insider Week understands.
  • As RSA prepares to unveil half-year figures on Thursday (6 August), following strong 2008 results, one analyst has suggested earnings at the UK insurer are set to face "a growing list of headwinds".
  • Bermudian (re)insurer XL Capital has revealed another management change with the announcement Friday (13 January) that John Welch has been promoted to president and chief operating officer at its subsidiary XL Reinsurance America Inc (XLRA).
  • European reinsurer Swiss Re is set to open a branch office in Taiwan after winning regulatory approval from the Taiwan Ministry of Finance.
  • Insurers hoping for successful subrogation against Boeing in a long running battle over the defective 702 series satellites were dealt a blow after an International Chamber of Commerce (ICC) arbitration panel ruled in favour of the aerospace manufacturer.
  • The 11 September terrorist attacks pushed QBE, one of Australia's few surviving international insurance companies, into an A$25mn loss for the 2001 year.
  • Wellington Underwriting plc is "highly likely" to join its Lloyd's rivals Amlin plc, Hiscox plc and Omega Underwriting Holdings plc by opening a Bermudian operation by the end of the year, according to Numis Securities’ analyst Nick Johnson.
  • XL Capital became one of the first insurers to provide specific guidance on the Boxing Day Indian Ocean tsunami when predicting a pre-tax net loss of $75mn last week.
  • Reinsurance giant Munich Re has bought EUR110mn of reinsurance protection for Western European windstorms with the private placement of catastrophe bonds called Aiolos. Based on a wind-speed trigger and with a term from 18 November 2005...