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  • Brit Insurance founder Neil Eckert has been appointed to the board of Arthur J Gallagher International as a non-executive director.
  • The pace of US federal securities class action lawsuits has been maintained since 2007, with a rise in M&A objection lawsuits offsetting a fall in credit crisis-related litigation
  • XL Group has put a preliminary net loss estimate for Superstorm Sandy at $350mn before tax and net of reinsurance and reinstatement premiums.
  • Platinum Underwriters Holdings has become the latest reinsurer to put out a preliminary estimate for the impact of Sandy as it said its Q4 financials would take a net negative hit of around $30mn from the Superstorm.
  • Standard & Poor's (S&P) has signaled a potential ratings upgrade for XL in the next 12-24 months by revising its outlook on the (re)insurer from stable to positive in an endorsement of its rehabilitation since the dark days of the credit crisis.
  • When The Insurance Insider sat down to set themes for discussion at its first ever PCI roundtable, it eased into autopilot mode. A benign hurricane season and the dynamics of excess supply and dwindling demand looked set to dominate in the lead up to the 1 January reinsurance renewals.
  • Few financial services sectors can look upon their work and say they have truly been victims of their own success. But the run-off market, at least in London, can justifiably make that claim. With liabilities speedily managed down and a vibrant legacy market that has delivered a range of finality solutions
  • Aquila Underwriting, the MGA arm of Tysers, has appointed former Amlin executive David Harris as a non-executive director.
  • Chubb's Sandy loss will exhaust the first layer of its catastrophe programme and erode the second layer, The Insurance Insider can reveal
  • ICAT, the Colorado-headquartered Lloyd's insurer, is changing managing agencies on 1 January, as predicted by The Insurance Insider