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  • Mark Tucker's official anointing as the new chairman and chief executive of Asian life insurer AIA is set to put the American International Group (AIG) unit on a fast track to independence from its troubled parent.
  • Sue Langley, the most senior female executive at Lloyd's, is to leave the Corporation later this year.
  • The Property Casualty Insurers Association of America (PCI) has voiced "deep concern" over potential conflicts between state regulators and the proposed Federal Insurance Office (FIO).
  • Bermudian-headquartered Scottish Re has seen one of its subsidiaries sink further into junk status last week just days after the embattled reinsurer finally published its full-year results.
  • Analysts have broadly welcomed reports that Marsh & McLennan Companies (MMC) has agreed to sell subsidiary Putnam Investments to Power Corp of Canada for $3.9bn.
  • Standard & Poor's (S&P) may upgrade its Lloyd's rating next year after changing the Society's outlook from stable to positive because its competitive position has "improved relative to its peers"
  • In January, IFEX saw trading volumes increase and added depth to the market with the partnership of Swiss Re as market maker.
  • Bermudian (re)insurer XL Capital dismissed rumours of significant sub-prime related losses in its financial and professional lines portfolio last week, stating that indeed the crisis provided "an attractive opportunity" for the class.
  • Rating agency Fitch said its concerns over reinsurers' ability to tap capital markets following a significant catastrophe have "sufficiently eased", after revising its outlook on the global reinsurance sector from negative to stable.
  • As shipowners prepare to face another expensive protection and indemnity (P&I) renewal this week (20 February), Standard & Poor's has warned of growing pressure on the ratings of International Group (IG) P&I clubs.