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P&I clubs push through soft increases for February renewal
All 13 International Group (IG) protection and indemnity (P&I) clubs have unveiled their 2011 general increase positions, with the average rise of just over 3 percent the lowest for a decade.
17 January 2011
Improved claims picture eases P&I reinsurance costs
Shipowners heading for a benign protection and indemnity (P&I) club premium renewal next month will also be looking at reduced excess of loss reinsurance costs for the 2011 policy year.
17 January 2011
Cooper Gay makes further move in Latin America
Cooper Gay Swett & Crawford (CGSC) has signalled that it is to acquire the remaining shares in its partially owned Mexican subsidiary Cooper Gay Martinez del Rio.
17 January 2011
Aon extends Xchanging back office contract for London market
UK outsourcing firm Xchanging has extended the groundbreaking enterprise partnership contract with Aon that it first won almost five years ago.
17 January 2011
Aon Benfield UK chair Cantlay to leave in April
Industry veteran Charlie Cantlay, the chairman of Aon Benfield's Global ReSpecialty team and its UK operations, is set to leave the broker after 15 years.
17 January 2011
AIG new dawn with NY Fed payback
American International Group (AIG) paid off its credit facility with the Federal Reserve Bank of New York (FRBNY) last week, taking a significant stride towards independence from the US government in the process.
17 January 2011
FSA orders Section 166 probes on two Lloyd’s brokers
Two London market brokers have been subject to Section 166 investigations by UK regulator the Financial Services Authority (FSA) in the last year.
17 January 2011
Carlson Capital builds stake in two Lloyd’s M&A targets
New York-based hedge fund Carlson Capital has acquired significant stakes in recent Lime Street M&A targets Omega and Hardy, according to regulatory filings
17 January 2011
US tort cost decline but fall may be short-lived
US tort costs decreased by 2.7 percent to $248bn in 2009 but increases are likely in 2010 and beyond, according to the latest study from Towers Watson.
17 January 2011
Aspen parts company with US insurance president Murray
Aspen Insurance Holdings has parted company with the head of its US insurance operations, Bill Murray, The Insurance Insider can reveal.
17 January 2011
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