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  • Global loss adjuster Cunningham Lindsey has announced the appointment of former Lloyd's CEO Richard Ward as executive chairman with effect from 9 June
  • Xchanging, the outsourcing firm that operates much of the London insurance market's back office, today (13 May) said it was on course to achieve its goal of delivering unchanged operating profit this year despite an anticipated drop in revenues
  • Lloyd's carrier Brit Insurance today (13 May) said its premium income grew 1.2 percent during the first quarter of 2014, and unveiled a deal to acquire the renewal rights to QBE's London aviation business.
  • American International Group (AIG) is expected to look within its existing ranks for its next CEO, with the heads of its P&C and life businesses emerging as frontrunners, according to reports
  • Aspen has secured a high profile successor to the departed Rich Aldorisio with the appointment of Roxanne Mitchell as executive vice president and chief casualty officer of its US insurance operations.
  • A look-up table for The Insurance Insider's universe of P&C (re)insurers
  • Shares in Tower Group were down13.18 percent last week after a rollercoaster week that saw a fresh reserve charge, a reduced bid and another downgrade
  • Legacy-to-live carrier Enstar Group's shares were 4.1 percent higher at $135.52 at the time of writing today (12 May) after it reported at the weekend that its profits had nearly trebled in the first three months of 2014.
  • The new Prudential Regulation Authority (PRA) guidelines on solvent schemes of arrangement and capital extraction from legacy insurers could "cause the problem they are trying to solve", an Insurance and Reinsurance Legacy Association (Irla) audience heard last week (9 May).
  • The US government is suing American International Group (AIG) after a former employee accused the insurance heavyweight of concealing up to $664mn in bonus payments to its troubled financial products team.