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January 2010/4

  • Debate rages over Solvency II impact on the London market; Hiscox upbeat; Key turn; Tax pilgrim; Fortified Amlin; Heath plan...
  • A US judge has ordered Arch Specialty and Lloyd's insurers Brit, Ace, QBE, Beazley and Chaucer to pay out disputed defence costs to Allen Stanford and other former senior SFG executives.
  • Miller hires former Inter-Hannover representative... and adds to energy, P&C team with JLT hire; Chaucer promotes head of specialist lines; Medniuk named as new Great Lakes chairman; BLG's Kean to join Willis...
  • White Mountains Re in $5mn run-off acquisition; Amlin completes Lockton insolvency transfer; Government launches terrorism compensation scheme; Levene accepts university gong; AM Best Paris Re ratings rise after PRE acquisition.
  • R&Q's £2mn acquisition of premium collection firm JMD Specialist Insurance Services last week is a "significant extension" to its traditional run-off business, according at Numis Securities.
  • Losses in the airline hull and liability market last year were the highest on record, excluding losses arising from 9/11, Willis said in its annual report on the sector.
  • Former Chaucer chief executive Ewen Gilmour will add to his growing list of directorships by joining the board of Xchanging Ins-sure Services (XIS) as a non-executive director, The Insurance Insider revealed last week.
  • The United States Court of Appeals for the Second Circuit ruled last week against the relatives of Holocaust victims who purchased insurance policies with Italian insurance giant Generali.
  • Specialist engineering offering TSM Syndicate 1110 commenced underwriting on 1 January with £53mn capacity, after finally receiving Lloyd's approval to operate through turnkey agent Argenta Syndicate Management.
  • London-headquartered Lloyd's insurer Chaucer conceded last week that it is eyeing a possible redomicilation away from the UK to level the playing field with its tax-competitive peer group.
  • Last week Beazley opened a Minneapolis office to write accident and health (A&H) insurance business and a new base in Oslo to service energy business for the firm's syndicates at Lloyd's.
  • Willis Group joined its two global rivals in extending the employment contract of its chairman and CEO last week.