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  • With state premier Anna Bligh announcing an independent Commission of Inquiry into the Queensland flood disaster last week, attention is focusing on the role of the private insurance sector in the state.
  • Bermudian headquartered reinsurance group Endurance Specialty Holdings has bought out founding activist shareholder Perry Corp in a $321.5mn transaction.
  • Our Aon Carrier Charge story (see page 9) shows that the juggernaut issue of enhanced broker commissions continues to rumble, ruffling feathers and provoking sideways glances wherever it goes.
  • Munich Re has the highest reinsurance market share in Australia and has significantly expanded its book of business over the last two years.
  • 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.