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  • Shares in Zurich’s former reinsurance arm Converium fell sharply as investors reacted to fears of collecting recoverables from its former parent, ZFS.
  • Emilio Di Silvio, the managing director of QBE's European aviation segment, will retire at the end of the year
  • Maurice "Hank" Greenberg and Howard Smith have buried the hatchet and settled their long-running legal battles with former employer American International Group (AIG).
  • A major report on the competitiveness of the UK insurance industry has not called for a reduction in the tax burden, despite acknowledging that firms are relocating offshore.
  • A major report on the competitiveness of the UK insurance industry has not called for a reduction in the tax burden, despite acknowledging that firms are relocating offshore.
  • Willis will shortly discover whether its role as an adviser to the Stanford Financial Group will result in a formal class action.
  • According to sources, after a month of exclusive talks private equity firms Apollo Capital and BC Partners are on the cusp of launching a formal bid for Royal Bank of Scotland Insurance (RBSI), which is likely to value the units at close to £5bn.
  • Lloyd's insurer Novae Group has confirmed that it has approached fellow London firm Chaucer Holdings to open talks over a possible merger.
  • Telecommunications giant AT&T has filed a lawsuit against 15 insurers over allegedly unpaid property damage and business interruption claims relating to 9/11.
  • Class of 2005 start-up Lancashire Holdings has posted better than expected full-year 2008 results as both investment income and underwriting continued to contribute to the bottom line over the year.