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  • American International Group (AIG) has paid off its credit facility with the Federal Reserve Bank of New York (FRBNY), taking a significant stride to independence from the US government in the process.
  • Charlie Cantlay, the chairman of Aon Benfield's Global ReSpecialty team and the reinsurance broker's UK operations, is set to leave the firm, The Insurance Insider can reveal
  • Bermuda-headquartered Argo Group has announced a shake-up of its international operations that will see Julian Enoizi depart as the division's CEO
  • American International Group (AIG) is gearing up for a key milestone today (14 January) as it looks to complete its recapitalisation and accelerate the repayment of its government bailout
  • New regulator the European Insurance and Occupational Pensions Authority (Eiopa) has opened for business with a second pan-Europe stress test scheduled for the industry next month
  • HIIG sees Way ahead with wholesale spin-off; Everest buys Kansas crop; Bermuda faces pipeline loss; Chile loss now $8.5bn; Canopius goes to Zurich; Ironshore lands in Dublin
  • R&Q makes Booth CFO; London avoids Iran crash; Numis Catco IPO gain; Quinn: Renewal rights only?
  • Lloyd's has given R&Q approval to provide "reinsurance to close" to the controversial GoshawK Syndicate 102 that went into run-off in 2003 after a series of failed underwriting bets
  • JC Flowers-backed legacy specialist Enstar Group has started 2011 with a flurry of activity, following a $200mn deal last month to buy all the operational companies of Hannover Re's US insurer in run-off Clarendon Insurance Group at a discount to book
  • A notable flurry of major legacy transactions in late December and early January reached a peak with the expansive Bermudian firm Catalina thought to have paid around $ 350mn for Glacier Re, the Soros-backed reinsurer that closed its doors in August 2010