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  • China Reinsurance Group, the country's largest reinsurer, is planning an initial public offering (IPO) after inviting "strategic" investors to buy stakes, according to a statement from the company last week.
  • Marsh and McLennan, the parent of the world's largest insurance broker Marsh, saw its share price fall this week despite the company posting a 19 percent rise in quarterly profits on the 21 October.
  • The eagerly awaited 2007 electronic claims file (ECF) figures at the end of last month revealed that the Lloyd's market had missed the 100 percent year-end target for take-up despite a significant improvement in December.
  • US property & casualty (P&C) insurers saw net income for the first three quarters of 2008 fall by 85 percent to $7.3bn, with an underwriting loss of $10.9bn, according to a report by rating agency AM Best.
  • The joint venture platform established by the world's largest interdealer-broker ICAP plc and insurance intermediary JLT Group plc has brokered its first catastrophe swap trade, for 2008 North American windstorm.
  • Heavy snowfall and poor visibility is suspected to be the chief cause of the Kam Air Boeing 737 crash last week in Afghanistan.
  • Maurice “Hank” Greenberg is in London this week and will be addressing the market at The Insurance Insider’s “Endless Risk, Prodigious Opportunities” event on the 11 February.
  • The extent of the insurance industry's exposure to structured football finance was under the spotlight again this month following the publication of Premiership football club Leeds United's full year results. The results, which have been described as t
  • Start-up Lloyd's Syndicate 2008 has completed its first reinsurance to close (RITC) deal with the closure of the notorious 2001 account on XL Insurance syndicates 861 and 588.
  • Willis Group Holdings Limited has extended the employment agreement with its chairman and CEO Joseph Plumeri for another year.