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  • Despite uncertainty over its future, up-for-sale Glacier Re figures on all three main layers of the prestigious International Group of P&I Clubs excess-of-loss reinsurance programme, The Insurance Insider can reveal.
  • Seven insurers have reached a $2bn settlement with World Trade Center developer Larry Silverstein bringing to an end more than five years of litigation between the parties.
  • Alea will exit unprofitable business lines but has only seen rate reductions of 2 percent on average this year, the reinsurance group revealed last week in a trading statement that accompanied its annual general meeting.
  • Charles Taylor Consulting plc will pay up to £7.85mn to acquire the struggling London based insurance and run-off services company, Axiom Consulting, it confirmed today (8 May).
  • With the renewal season in full fling, Marsh’s reinsurance arm Guy Carpenter has committed itself to providing full disclosure to the fees it earns on reinsurance placements.
  • Ironshore Inc's expected acquisition of Chaucer's Pembroke division will bring the total number of Lloyd's insurer buyouts to three this year.
  • Amlin plc remains one of the best property and casualty insurers, according to Keefe, Bruyette & Woods analyst Chris Hitchings, after the listed-Lloyd's insurer reassured investors that its catastrophe risk account remains in good shape.
  • Rates continue to fall at the 1 July reinsurance renewal season, as insurers add to the pain of increased competition by electing to retain more, according to Wills Re’s reinsurance renewal review published today.
  • Independent London market (re)insurance broker Thomson Heath and Bond Group (THB) saw fees and commissions rise 5 percent in the first half of 2010 to £24.6mn, fuelled by organic growth and a stronger US dollar.
  • A US federal appeal judge last week upheld the decision by Florida’s insurance regulators to bar Allstate Corp from writing new business in the state.