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  • Marsh & McLennan (MMC) CFO and executive vice president Vanessa Wittman has resigned to take up a senior role at Google in late March
  • Xchanging would be mad to do anything other than support the modernisation of Lloyd's and the London market, CEO Ken Lever has said
  • A New York court has reversed an order for Travelers to pay over $500mn in claims from a complex asbestos case dating back decades.
  • Grahame Chilton has stepped down from his role as non-executive chairman of Aon Benfield and will become the non-executive chairman of Aon Holdings Ltd, the new holding company of Aon Corp.
  • BP's share price climbed by around 2 percent in early trading this morning (5 March) on news of a $7.8bn settlement with individuals and businesses affected by the 2010 Deepwater Horizon incident
  • Amlin's heavy weighting towards international catastrophe business led to a £501mn cat bill for 2011, dragging the Lloyd's (re)insurer to a full-year pre-tax loss of £193.8mn - down from a profit of £259.2mn a year earlier
  • The peculiarities of (re)insurance accounting were highlighted this morning (5 March) when Randall & Quilter (R&Q) revealed that its 2011 results would be at the top end of expectations and that it was obliged to write-down goodwill in its US Brandywine operations
  • As loss adjusters assess the damage from last week's deadly burst of tornadoes in the Midwest, early suggestions are that insured losses will not match the magnitude of the multiple billion dollar claims that several outbreaks each spawned in the US last year. 0
  • Arch Re Europe - a subsidiary of Arch Capital - has acquired Ariel Re's orphaned credit and surety reinsurance business.
  • The huge bill for the international (re)insurance community from the Thailand floods in 2011 means the country can no longer be deemed a remote catastrophe zone, Standard & Poor's has said