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  • AIG CEO Robert Benmosche has apologised for comments suggesting public criticism of the bonuses paid to the insurer's executives in the aftermath of the 2008 was "just as bad" as racist lynchings
  • US specialty insurer ProAssurance has agreed to purchase workers compensation and medical malpractice insurer Eastern Insurance Holdings in a $205mn all-cash deal.
  • Bermudian reinsurer Maiden Holdings is to offer $135mn in mandatory convertible preference shares to support its rapid top-line growth.
  • The chief underwriting officer (CUO) of Tower Group has resigned his position as turmoil continues to deepen at the crisis-hit US insurer.
  • ProAssurance Corporation is launching a £75mn Lloyd's syndicate that will begin underwriting on 1 January 2014 with former Amlin London managing director Duncan Dale as active underwriter.
  • Aviva has replaced the head of its flagship UK and Irish general insurance (GI) arm in the latest step of a reorganisation aimed at revitalising the composite insurer's sub-par financial performance
  • In a major senior executive restructuring at Aon plc, Bryon Ehrhart will become CEO of Aon Benfield Americas while current COO and former McKinsey executive Mike O'Connor will be CEO of the reinsurance broker's big brother, Aon Risk Solutions (ARS)
  • JP Morgan's fund management arm has appointed investment actuary Gareth Haslip to lead UK strategy at its Global Insurance Solutions team, which advises insurers on how to manage their assets
  • Eric Andersen, the CEO of Aon Risk Solutions' Americas unit, is to become the CEO of Aon Benfield, the industry's largest reinsurance broker, The Insurance Insider can reveal.
  • Arch Europe is set to lose a second major player to Lloyd's managing agent Advent with the departure of vice president and head of marine James Bavin, The Insurance Insider can reveal.