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  • American International Group (AIG) has pushed through restructuring at Chartis with a management shake-up that brings in risk management executive Peter Hancock for CEO Kristian Moor.
  • Modelling firm Eqecat says loss amplification from the Fukushima nuclear incident is the highest single contributor to its upgraded loss forecast for the Japanese earthquake.
  • A trio of US equities analysts has endorsed the now near unanimous view that reinsurers are achieving some rate increases, but were sceptical about the breadth and the length of this hard market.
  • Liberty Mutual working with Anglo Irish Bank has been revealed as the preferred bidder for Quinn Insurance, the Irish insurer that went into administration in March 2010.
  • Hammerson chairman John Nelson will succeed Lord Levene as chairman of Lloyd's, the Corporation has confirmed.
  • After a first quarter in which it outperformed the FTSE All Share index total return, the UK non-life insurance sector has failed to pick up on the widespread bounce in the equity markets in Q2.
  • QBE's giant $1.3bn global programme is struggling to be placed on the multi-year terms it had sought. Evidence that reinsurers are holding the line?
  • The regulatory regime in the US is likely to be deemed equivalent to the Solvency II requirements by the EU because of its long-standing use of risk-based capital requirements, according to Fitch.
  • Barclays will be the first bank to be taken to court in the UK for Libor rate manipulation after a UK High Court judge found in favour of a care home operator and allowed the damages claim trial to proceed.
  • Endurance Specialty has said that its losses from the first-quarter flooding in Australia and the second New Zealand earthquake in February are likely to be around $60mn