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  • UK regulator the Financial Services Authority (FSA) has confirmed Hector Sants as its new chief executive in an internal appointment.
  • Shares in Marsh & McLennan Group (MMC) spiked to $28.37 Thursday (17 January) - up 8 percent on their opening price - as news broke of an approach from rival Willis Group to open takeover talks for its larger rival.
  • And so Swiss Re's share of the global financial crisis comes neatly to an end, almost four years after it began.
  • With around $35bn of cat limits now placed in non-traditional reinsurance the convergence market has reached a watershed moment, according to Guy Carpenter vice chairman David Priebe
  • Venture capital partnership Alpine Risk Services has launched to finance insurance broking, underwriting agency and ancillary insurance firms, committing sums of up to £10mn directly or with investment partners, The Insurance Insider can reveal.
  • Bermudian (re)insurer Allied World Assurance Co (AWAC) bounced back from 2005’s third quarter loss of $283.4mn with a strong $114mn contribution.
  • US insurer The Hartford is to refund $48.3mn in excess profit to worker's compensation policyholders in order to comply with Florida law.
  • Small agents are facing a squeeze from larger rivals in the soft market bloodbath of the US property and casualty (P&C) insurance industry.
  • Bermudian stalwarts John Lummis and Jim Stanard have formed Flex Capital Advisors (FCA), a management company that will underwrite reinsurance on behalf of companies and funds and is set to sponsor a new $500mn start-up Flex Re on the island.
  • The German financial regulator has banned naked short selling of stocks in key financial services companies including Munich Re and Hannover Re, as concerns rise over the stability of the Eurozone.