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January 2011/3
  • Aon extends Xchanging back office contract for London market
    UK outsourcing firm Xchanging has extended the groundbreaking enterprise partnership contract with Aon that it first won almost five years ago.
    17 January 2011
  • Aon Benfield UK chair Cantlay to leave in April
    Industry veteran Charlie Cantlay, the chairman of Aon Benfield's Global ReSpecialty team and its UK operations, is set to leave the broker after 15 years.
    17 January 2011
  • AIG new dawn with NY Fed payback
    American International Group (AIG) paid off its credit facility with the Federal Reserve Bank of New York (FRBNY) last week, taking a significant stride towards independence from the US government in the process.
    17 January 2011
  • US tort cost decline but fall may be short-lived
    US tort costs decreased by 2.7 percent to $248bn in 2009 but increases are likely in 2010 and beyond, according to the latest study from Towers Watson.
    17 January 2011
  • Aspen parts company with US insurance president Murray
    Aspen Insurance Holdings has parted company with the head of its US insurance operations, Bill Murray, The Insurance Insider can reveal.
    17 January 2011
  • R&Q promotes Booth to the board
    UK-quoted Randall & Quilter may have given a clue to the eventual succession of founders Ken Randall and Alan Quilter with the promotion of Tom Booth to an executive director.
    17 January 2011
  • Hiscox: London market pricing peaked in 2006
    The ratio for London market premium versus estimated units of exposure for the last five years peaked in 2006, data from a Hiscox company presentation shows.
    17 January 2011
  • Lloyd’s imposes new GoM stress tests
    The Lloyd's Franchise Performance Management Directorate has introduced two new realistic disaster scenarios (RDS) to stress test individual syndicates and the market against Gulf of Mexico energy.
    17 January 2011
  • FSA ends Marketform probe
    Lloyd's specialty insurer Marketform has come through an investigation by the Financial Services Authority (FSA) unscathed, The Insurance Insider understands.
    17 January 2011
  • OFT steps in to prevent UK motor price fixing
    Seven major motor insurers including RSBI, Zurich and Axa have agreed to restrict the extent they share data with each other, following an UK Office of Fair Trading (OFT) investigation into price fixing.
    17 January 2011
  • Beazley property exec moves to rival
    Axis Insurance has continued to strengthen its London property team by hiring the well regarded Alistair Robson from rival Beazley, sister publication Inside FAC revealed last week.
    17 January 2011
  • Radke returns in Argo reshuffle
    Bermuda-headquartered Argo Group has announced a shake-up of its international operations, with Julian Enoizi departing as managing director of its Lloyd's operation.
    17 January 2011
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