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  • Broking powerhouse Aon has agitated a number of insurers in the specialist terrorism market by proposing a $250mn facility that would see it assume binding authority on its UK business in exchange for enhanced commissions, The Insurance Insider has learned.
  • Last week, a Fifth Circuit Court of Appeals reversed its controversial March decision that BP is entitled to a portion of rig owner Transocean's $750mn insurance coverage.
  • One of the great attractions in the life of a journalist is the huge variety of subject matter thrown in our direction. We also have the luxury of focusing on what is interesting, while we get to discard whatever we find dull and lacking in newsworthiness.
  • Big three broker Willis has tabled an offer for the reinsurance broking arm of Towers Watson as its parent company aims to announce a deal ahead of the Monte Carlo Reinsurance Rendez-Vous, The Insurance Insider can reveal.
  • Former Hardy Underwriting executive David Carson will lead a new property catastrophe reinsurance division at managing general agency (MGA) Pioneer Underwriting
  • The Law Society unveiled a plan last week to provide professional indemnity (PI) insurance to small solicitor firms, in a move that is riling independent brokers
  • Traditional and alternative reinsurance capital increased by 1 percent to $510bn in the first half of the year to reach a new "all-time high", according to Aon Benfield Analytics
  • Reinsurance broker Guy Carpenter has appointed former Argo executive Barbara Bufkin to the position of chief operating officer of its Global Strategic Advisory Group.
  • A Fifth Circuit Court of Appeals has reversed its controversial March decision stating that BP is entitled to a portion of rig owner Transocean's $750mn insurance coverage.
  • QBE has named David Harries active underwriter of its highly rated Lloyd's Syndicate 386, as the insurer continues to reorganise its European operations