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  • Marsh has formed an international practice for all nuclear clients based outside North America, in an attempt to capitalise on the renewed global appetite for nuclear energy.
  • A class action lawsuit filed on 12 February under the US Employee Retirement Income Security Act (ERISA) has potentially opened up a new avenue for Madoff-related losses in the insurance industry.
  • Markel calls for greater Franchise powers; Beazley increases capacity with Santam acquisition; Amlin Bermuda’s business increases; Aviva grows Moss; MAP launches sidecar syndicate; Lloyd’s Central Fund trial set for January 2008
  • American International Group Inc (AIG) is being investigated by the Securities and Exchange Commission (SEC) over its valuation of contracts linked to sub-prime mortgages, according to reports.
  • Ratings agency Standard & Poor’s (S&P) has upgraded Hiscox Group’s UK non-life insurance subsidiary Hiscox Insurance Co Ltd to A with a stable outlook, on the back of strong operating performance.
  • Run-off investor and service provider Tawa has bought Island Capital, the Bermudian trade credit and political risk insurer in run-off, for a consideration "unlikely to exceed" $15mn.
  • Swiss Re's efforts to rehabilitate itself with investors will include cutting its workforce by 10 percent over the next 12 months and streamlining its global operations under new chief operating officer Agostino Galvagni.
  • The Lloyd's insurance arm of Bermudian-domiciled Omega Insurance Holdings has parted company with its managing director Andrew Adie.
  • 2005 was a terrific year for European insurance stocks, but investors should now prefer the life sector, over property & casualty, warned analysts at Merrill Lynch.
  • With doom-mongers beginning to measure American International Group’s (AIG) future in terms of weeks as the inadequacy of its September government bail-out package became obvious, a revamped $150bn rescue looks to have bought...