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  • Everest Re chairman and CEO Joe Taranto highlighted the difficult state of the US casualty insurance market as he said the (re)insurer would look for new opportunities in property and shorter tail lines of business instead.
  • Navigators launches reinsurance unit; QBE takeover of Secura approved; Run-off broker buys rival; Marsh takes Willis exec for relationship management role
  • GHC stung by defection of marine broker; New CFO on Axis bench; QBE appoints new global underwriting leader; ECIC underwriter promoted
  • Bermuda, Japan and Switzerland will be first in line for assessment to see whether they merit "equivalency" recognition under the Solvency II accounting regime before it starts in 2012.
  • London market brokers Tysers and Lonmar Global Risks face a nervous wait for a UK Court verdict on a rancorous £2.5mn poaching case, with the stakes high for both sides.
  • The growing intolerance of corporate bribery was demonstrated last week with the PWS Costa Rica saga ending in the imprisonment of the CEO of a once leading London market reinsurance broker.
  • Surinder Beerh has resigned as head of Colemont's London market and international operations six months after its parent company merged with US wholesaler AmWINS.
  • AJ Gallagher's organic growth dipped over the first nine months of 2010, with the broker reporting a 1.9 percent decline in organic commissions and fees, supplemental commissions and contingent commissions.
  • Aon Corporation's continuing broking operations shrunk in the first nine months of 2010 as organic revenues declined by 2 percent, prompting the company's share price to fall below $40.
  • Willis Group achieved 4 percent organic growth in the third quarter as increases in new business and client retention countered adverse soft market conditions.