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  • Paul Jardine, COO of Catlin - the largest syndicate at Lloyd's by stamp capacity - is set to take the reins as deputy chairman of the Council of Lloyd's following the retirement of Ewen Gilmour earlier this month.
  • As American International Group (AIG) continues to move through the phases of last month's revamped rescue package, CEO Ed Liddy said he will reopen negotiations with the US government to improve terms of the deal...
  • The Port Authority of New York and New Jersey’s claims stemming from 9/11 will be restricted to two buildings a judge has ruled.
  • A new survey of Lloyd's underwriters suggests that pricing rather regulation comes top of insurance buyers' list of concerns - and that the big issue in 2005 for the industry a whole will be management of the pricing cycle. The survey, which was commis
  • The riots in Bangkok last month have burnt the nascent standalone terrorism (re)insurance market with $1bn total losses and the need for a complete overhaul, sister publication Inside FAC has revealed.
  • Global property catastrophe reinsurance rates were down 7.5 percent in the aggregate for 1 January 2011 renewals as excess capital in the sector absorbed 2010 losses, according to Guy Carpenter.
  • Despite reinsurers generally agreeing that rates in the softest reinsurance lines such as aviation and US casualty will fall by around 10 percent next year, a leading figure in the sector has warned that this figure be significantly higher at renewal.
  • Chinese insurer Ping An Insurance Co has revealed plans to raise up to $22bn in a public offering in order to fund mergers and acquisitions.
  • Ratings agency Standard & Poor's (S&P) has put tranches of four cat bonds guaranteed by failed investment bank Lehman Brothers on negative watch.
  • Embattled insurance giant AIG has pointed the figure at its former management for contributing to a mountain of accounting errors and “inappropriate transactions” that over-stated its book value by some $2.7bn.