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October 2007/5

  • Integro Ltd has hired well-known broking figure Guy Bessis from Aon as a managing principal in its London operation.
  • Bancassurance is gaining in popularity particularly in emerging markets, according to research by Swiss Re.
  • Airline premium rates fell again this month - after a brief hiatus in August/September - according to the latest data from Aon Aviation.
  • Bermudian energy mutual Oil Insurance Limited is co-suing the US government over the flooding of a refinery during Hurricane Katrina.
  • Bermuda-based insurer Hiscox plc has continued to build on its international expansion with the launch of Hiscox Global Markets in New York.
  • As predicted by The Insurance Insider in July, Liberty Syndicates - one of the largest Lloyd’s (re)insurers - has confirmed the appointment of Nick Metcalf as its new CEO.
  • The third annual Rendez-Vous of the Association of Insurance and Reinsurance Run-Off Companies' (AIRROC) last week proved a perfect time to look back at how a number of recent transactions have benefited the sector.
  • Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd - a new unit that aims to improve capital efficiency for (re)insurers by shifting exposures to the capital markets.
  • Guy Carpenter is likely to file a motion to dismiss the lawsuit launched earlier this month by Connecticut attorney general Richard Blumenthal that has accused the broker of violating the state’s anti-trust and unfair trade practices acts...
  • Major UK retail bank Lloyds TSB Group plc has been sued in the US for allegedly violating federal anti-money laundering provisions, a case which could be brought as a claim against its Directors and Officers (D&O) insurance policy, placed in the London ma
  • French reinsurer SCOR has reaffirmed reporting lines and made a flurry of fresh appointments to its non-life and life segments.
  • One of the UK's leading fund managers, Standard Life Investments Ltd has acquired 29 million shares in Lloyd's insurer Chaucer Holdings plc, representing 9 percent of the voting rights in the company.