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  • Insurance outsourcing services provider Xchanging says it hopes to export the efficiencies of London's settlement processes to the global insurance market with the launch of Netsett, a new accounting and settlement platform
  • JLT Asia CEO Warren Merritt has left the firm to "pursue other opportunities" and will be replaced by Duncan Howorth, who currently heads up JLT's benefit solutions unit.
  • Belgian insurer Ageas will become the fifth largest UK non-life insurer after agreeing to pay £116mn to end the long-running sale auction of Groupama UK Insurance Company.
  • Munich Re is preparing to launch a potential insurance-linked securities (ILS) fund that will manage third-party capital, the company has said
  • Excess capital in the reinsurance market is seeking out opportunities to back managing general underwriters (MGUs) in the buoyant surplus lines sector, according to Ryan Specialty Group (RSG) supremo Pat Ryan.
  • Marsh & McLennan Companies (MMC) president and CEO Brian Duperreault is stepping down at the end of the year to be replaced by group president and COO Dan Glaser.
  • Global broker Aon Risk Services has defended the record of passenger ships as long-range tension builds ahead of what is likely to be a challenging 2013 renewal for the pooled reinsurance programme of the International Group of P&I clubs
  • The European Parliament and Council have asked the European Commission to review the timetable for Solvency II, adding to speculation on yet another delay to the regime's go-live date, The Insurance Insider understands
  • Founding Axis CEO John Charman has resigned from the company's board three months after he was dismissed as its chairman following a costly disagreement about the nature of the role
  • Talanx, one of three major P&C insurers planning an IPO this autumn, has returned to the market with a re-priced share offering just a week after pulling its long-awaited float.