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February 2005/1

  • Insurers AIG, ACE and Aegis have settled their share of an energy dispute involving oil giant BP. The dispute flared up after Swiss Re, AIG, ACE, Aegis and AXA refused to pay claims on a series of large energy losses.
  • Aon's senior executives will now be in line for a substantial pay-off, if there is a change of control in the company.
  • The sudden departure of Marie-Louise Rossi from the International Association of Underwriting (IUA) led to suggestions her parting was less than amicable - a view the IUA refused to contradict.
  • A UK court has ruled that insurers will have to pay compensation to thousands of people with pleural plaques, the scarring on the lung lining that indicates exposure to asbestos.
  • In our regular News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Lloyd's lost out in round one of the Central Fund reinsurance contract dispute after the panel in the first stage of the arbitration tribunal found the lead reinsurer Swiss Re "prima facie entitled to avoid the policy", based on the way the risk was prese
  • In our regular News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • The integrated broking model may become a thing of the past if, as expected, the sale by Willis of its wholesale arm is repeated by the other major broking groups.
  • Lloyd's insurer aims to exorcise US casualty spectre in bid to avoid run-off The Lloyd's insurer SVB Holdings Plc is working on a restructuring package that would ring-fence the group from its devastating US casualty exposures, The Insurance Insider c