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  • In May, key players in the legacy market prised themselves from their desks in London, the US and across mainland Europe and headed to the rain-battered promenades of Brighton for the annual IRLA Congress
  • American International Group (AIG) has named Peter Hancock as its new president and CEO with effect from 1 September.
  • Hawkes Bay, the holding company which owns independent Lloyd's broker Tysers, saw operating profits increase 2.8 percent to £7.34mn for calendar-year 2013.
  • Steven Norcliffe, who resigned last month as head of construction at Enstar-owned Torus, is to join Tokio Marine Kiln, sister title Inside FAC has revealed.
  • Catastrophe reinsurers are steeling themselves for a steep decline in pricing and a fierce fight for signings on the A$5bn Suncorp catastrophe treaty, which is already two-thirds placed, The Insurance Insider understands.
  • Independent London market broker RFIB is testing a new product that could alleviate regulator-imposed pressure on intermediaries to hold capital in reserve to manage claims in case they go bust
  • The estimated ground-up protection and indemnity (P&I) cost for the Rena loss has deteriorated by a further $75mm to $425mn as the decision-making process on the wreck drags well into its third year, The Insurance Insider has learned
  • Independent London market broker RFIB is testing a new product that could alleviate regulator-imposed pressure on intermediaries to hold capital in reserve to manage claims in case they go bust
  • Global insurer Allianz has decided not to proceed with a major legacy reinsurance deal with Swiss Re following long-running talks between the two companies, The Insurance Insider has learned
  • Lloyd's managing agent Sportscover has been informed by Lloyd's that it requires no fresh funds in order for its Syndicate 3334 to come into line (CIL) at the end of the month, the company has confirmed.