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  • Aon's announcement that it will have the ability to trade electronically across all its London market lines of business by the end of the year marks a "huge cultural shift", according to the driving force behind process reform at the broker.
  • Jeff Greenberg, the former MMC chief executive, has recruited a senior management team to lead his new $1bn+ Bermudian (re)insurer, Insider Week can exclusively reveal. George Reeth, the former president of Willis’ North America operations, and...
  • After several weeks of indifferent news, troubled Swiss reinsurer Converium received welcome boosts from ratings agencies Standard & Poor's and Fitch, who both upgraded the reinsurer a notch on the strength of its successful $420mn right issue.
  • The New York attorney-general’s extraordinary allegations of bid-rigging at Marsh - and some of the world’s largest P&C insurance companies - have stunned the industry.
  • Just as Lloyd’s relinquishes its regulatory reigns over the market’s producers, it jointly proposes a radical shake up of the London market’s business standards with the IUA and LIBC. Although the measures have generated heated debate, the principles b
  • Professional Indemnity veteran Reg Brown has retired from the board of Lloyd’s insurer Kiln plc with immediate effect. In an announcement to the London Stock Exchange today, Kiln’s chairman Nick Cosh explained: “Some months ago Reg indicated his wish..
  • There was increased speculation over the weekend that the UK’s second largest domestic non-life insurer, Royal & Sun Alliance (R&SA), will launch a rights issue later this week.
  • Some of AIG’s “independent” directors have had unusual financial relationships with AIG or its affiliates, and may not be as independent as they appear to be. AIG’s failure to disclose these relationships to its shareholders raises questions about the com
  • Lloyd’s have appointed veteran reinsurance underwriter Bryan Kellett to represent its interests in the forthcoming Central Fund reinsurance arbitration dispute against Swiss Re.
  • Californian firm Risk Management Solutions (RMS) announced that it has undertaken risk analysis for a bond covering football’s global governing body FIFA for cancellation of its 2006 World Cup in Germany.