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  • A service of thanksgiving will be held on Wednesday 30 May in the memory of the well-known and much missed reinsurance broker Peter Allen, who passed away recently.
  • The long-drawn out sale process for Ri3K is close to resolution, with two final bidders valuing the London market electronic trading business at around £10mn.
  • Insurance Australia Group (IAG) will announce a major restructure on 9 July that is likely to see large chunks of its UK operations put up for sale.
  • HIIG sees Way ahead with wholesale spin-off; Everest buys Kansas crop; Bermuda faces pipeline loss; Chile loss now $8.5bn; Canopius goes to Zurich; Ironshore lands in Dublin
  • Patrick Werner, former CEO of Willis-affiliate Gras Savoye has left the firm after seven months at the helm and just days after his internal structural overhaul had come into effect at the French broker.
  • FSA follows Bermuda in raising fees; Lancashire reassures after Florida actions; Three-year electronic target for London market; Novae sees reduced deterioration on legacy exposures...
  • European multinationals could access more favourable terms and conditions on their property insurance if they shopped beyond their domestic market, according to a report published last week by broker Aon.
  • Berkshire Hathaway has appointed Todd Combs from the hedge fund sector as an investment manager, marking further progress in the succession planning for Warren Buffett.
  • Three new catastrophe bond issuances at the start of the third quarter included the first solo US thunderstorm bond from a sponsor new to the market.
  • A protracted David and Goliath battle between global insurer Ace (market cap: $24bn) and run-off acquisition firm Randall & Quilter (R&Q; market cap: £50mn/$80mn) was averted after the firms settled their festering dispute over the so-called Brandywine companies