August 2009/3

The Lloyd's Exchange has gone live with its first intra-market message.

Lloyd's has received its third rating confirmation in a month.

The British Virgin Islands and Cayman Islands have joined Bermuda in being upgraded to the Organisation for Economic Cooperation and Development's (OECD) white list, after meeting internationally agreed tax standards

Lost and found cargo ship Arctic Sea is insured for crew-related risks with Russian insurer Ingosstrakh.

Broking giant Aon has lost yet another senior aviation executive, this time to Willis, after its former executive vice president of Los Angeles and Chicago operations, Stephen Kisor, joined the rival broker.

The state of New York has named lawyer and executive director of the state's insurance fund, James Wrynn, as insurance superintendent following the resignation of Eric Dinallo in July.

American International Group (AIG)'s $200mn D&O insurance policy is set to pay a $115mn loss, after it was reported that former chief executive Maurice 'Hank' Greenberg and five other defendants have agreed to settle a shareholder lawsuit.

American International Group (AIG) has raised $2.5bn from its latest round of sales.

Citigroup analysts expect Swiss Re to have SFr10bn excess capital next year and to repay the Berkshire Hathaway hybrid debt in 2011.

Hannover Re is set to use retained earnings to fund an increase in capital of as much as 26 percent to pursue growth opportunities in the second half of the year.

Catastrophe bond returns have increased for the sixth consecutive week as a lack of significant windstorms and a glut of unused insurance-linked securities (ILS) capacity push demand for the products to record levels.

The British Insurance Brokers' Association (BIBA) has said that Mike Slack stepped down from its board at the end of July, after seven years.