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  • Lloyd's is keen to encourage more so-called turnkey operators to enter the market following RenaissanceRe's acquisition of the specialist provider Spectrum Syndicate Management last month.
  • Lloyd's has censured three members of Ark Syndicate Management's Accident and Health (A&H) underwriting team for "discreditable and detrimental conduct" following their move to Ark from Travelers' Lloyd's platform in 2007.
  • Goldman Sachs partner Michael J. Millette was heralded as the Outstanding Contributor of the year at the inaugural Trading Risk awards dinner on the 25 June, held in London.
  • UK-quoted broker Thompson Heath Bond Group plc (THB) has pointed to sluggish insurance markets for a fall in the group's earnings at the six-month stage.
  • UK (re)insurer Aviva reported heavy losses of £235mn for the UK floods in June, dwarfing those of competitor Royal & Sun Alliance (R&SA), which reported flood losses of £55mn for the second quarter.
  • The Coalition for Competitive Insurances Rates (CCIR), which includes the Association of Bermuda Insurers and Reinsurers (ABIR) as a member, has blasted the proposed Neal Bill introduced in the US House of Representatives on 30 July.
  • Lloyd's (re)insurer Chaucer Holdings is now seeking capital support in the form of a Qualifying Quota Share (QQS) reinsurance arrangement as it tries to ensure it will not be left behind in the race to take advantage of stronger underwriting conditions...
  • An end to market divergence and downwards pressure on reinsurance rates may be in sight, major reinsurance brokers have predicted, as senior industry leaders gather at the 2008 Monte Carlo Reinsurance Rendez-Vous.
  • Rating agency AM Best has removed European giant Hannover Re from review with negative implications and affirmed its financial strength rating of A (Excellent).
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.