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  • American International Group CEO Bob Benmosche has said that he expects to remain in post until some point in 2012 following encouraging news from his doctors about his cancer treatment.
  • London-listed (re)insurer Amlin has acquired UK household and commercial insurer JR Clare Underwriting Agencies (JCUA) for an undisclosed sum.
  • Lloyd's chairman Lord Levene has said that managing agents look set to spend some £300mn on Solvency II implementation, trumping the £250mn figure floated by his finance director Luke Savage earlier in the month.  
  • UK offshore domicile Guernsey has said that it currently has no intention of seeking Solvency II equivalence.  
  • Suncorp has notified reinsurers that it expects to receive gross claims of A$650mn (US$650mn) from the devastating flooding in Toowoomba and Brisbane earlier this month, based on an industry insured loss of A$2bn, The Insurance Insider has learned.
  • Bermuda-headquartered Lloyd's (re)insurer Hiscox has broken its silence on September's New Zealand earthquake by telling the market that it expects to incur claims of approximately £37mn ($58mn).
  • Aon Benfield Fac has parted company with North America executive vice president Andrew Sims, The Insurance Insider can reveal.
  • US insurance giant Travelers has kicked off the full-year earnings season by posting a 30 percent fall in fourth-quarter profits from $1.29bn to $894mn after a heavier loss year.
  • Today's fatal Domodedovo terrorist bombing is unlikely to lead to a significant loss for insurers as Moscow's busiest airport is understood to have not bought insurance.
  • Willis Re A&H chief leaves for Axis; Lloyd's enters iPad age; Gallic giant PAI to offload broker CEP; AIG continues to redeem bailout; Cologne calling; Flagstone bags Housley; Willis appoints new Middle East head; JLT opens South African office; FSA freezes staff pay