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  • The Achilles vehicle bidding for Brit has revealed that it intends to nominate former Lloyd's CEO Nick Prettejohn as chairman of the board of the Lloyd's (re)insurer.
  • US insurance broker Beecher Carlson has announced the appointment of Dan Donovan as its new CEO. The Atlanta based firm confirmed on 31 January that Donovan would be replacing outgoing CEO Tom Golub, who will be staying on as company chairman
  • The UK government is to delay the introduction of anti-bribery legislation over concerns it would prevent multinational firms winning business abroad. The legislation was meant to come into force in April, but has been delayed to give firms further time to prepare.
  • AIG has completed the sale of its Japanese life insurance ventures AIG Star Life and AIG Edison, with buyer Prudential Financial paying $4.8bn for the companies.
  • Bermudian-headquartered global reinsurer PartnerRe says it will report up to $80mn of net pre-tax losses in its fourth quarter results relating to flooding in Australia and losses in New Zealand
  • London market business processor Xchanging has unveiled an overhauling of its claims services with the recruitment of a trio of senior executives.
  • Brit has continued its steady drip of announcements extending the offer period for Achilles and revealed that its potential buyers still need another 22.6 percent of shareholders to approve the deal.
  • Chubb's preliminary loss estimate from January flooding in Queensland is based on an industry insured loss estimate of between $5bn and $10bn, the US insurer revealed in its Q4 2010 earnings call
  • Charles Taylor Consulting (CTC) is trading in line with expectations.
  • Bermudian-headquartered global reinsurer PartnerRe has revealed that its renewal premium fell by 16 percent at 1 January to $1.81bn under the combined impact of declining prices and changes to the Paris Re book.