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  • 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.
  • As Europe braces itself for a potential influenza pandemic, broker Aon warned today (17 October) that businesses remain unprepared for “the greatest threat facing their business today” and called on companies to “take action to protect their performance”.
  • Insurance information service provider Axco has offered an upbeat assessment in its inaugural report on the London Market.
  • Sompo Japan Insurance Inc was awarded $1.12bn in damages against Fortress Re, the North Carolina based aviation pool manager, on 18th December by a US arbitration panel.
  • As the fall out from New York attorney general Eliot Spitzer’s investigations into insurance industry practices continues, Swiss based Zurich Financial Services (ZFS) admitted last week that a number of its international operations had used complex...
  • In his much-anticipated annual letter to shareholders, the world’s second richest man Warren Buffett railed against scandal-struck mutual fund companies and corporate greed, as his investment company Berkshire Hathaway unveiled profits that nearly doubled
  • The former MMC chief executive Jeffrey Greenberg has established a private equity investment company Aquiline Investment Group that will back insurance and financial services companies, The Insurance Insider can reveal.
  • Lloyd’s-backed electronic data transfer platform Kinnect unveiled a double whammy last week in the form of the resignation of Toby Davies and Iain Saville as CEO and executive chairman respectively.
  • Swiss reinsurer Converium has begun the search for a replacement to its chief executive Terry Clarke who stepped in earlier this year following the ousting of Dirk Lohmann in the wake of the company’s much publicised difficulties.
  • The world’s most valuable insurer AIG has posted fourth quarter profits of $2.71bn, or $1.03 per share, with higher general insurance premiums and revenues contributing to the bottom line.