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  • Aon's attempts to impose a new 3.5 percent commission on London market placements are meeting fierce resistance from insurers, The Insurance Insider understands.
  • A trio of senior professional liability executives have left London market broker Miller to launch a new financial lines division at rival BMS, The Insurance Insider can reveal.
  • Former American International Group (AIG) chief Hank Greenberg is set to go on trial on 2 May in a New York state lawsuit alleging he used bogus transactions to disguise the insurer's financial state.
  • Fitch has upgraded RenaissanceRe's insurer financial strength rating to A+ from A to reflect what is said was the company's strong cross-cycle underwriting profit.
  • Ryan Specialty Group has continued to build out its operations with the launch of a managing general underwriter for complex construction and property risks, Technical Risk Underwriters (TRU).
  • Securities lawsuit filings hit a new record in 2010, despite a significant drop-off in the number of new suits related to the credit crisis.
  • Aviation insurers fell to a loss in 2010 as claims again broke through the $2bn barrier
  • The public authority that runs the Washington DC metro has sued Aon for negligence following a dispute spawned by a train crash in June 2009 that killed nine people and seriously injured a number of others
  • UK and international P&C insurer RSA has issued a profits warning ahead of its full-year results, as exceptionally cold UK weather in November and December added £110mn in unbudgeted additional claims costs
  • The UK reinsurance broking arm of New York-listed consultancy giant Towers Watson has filed 18-month accounts showing that it booked pre-tax profits of £15.8mn on revenues of just £57.9mn