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  • Independent London market (re)insurance broker BMS has appointed Carl Beardmore to fill the vacant role of CEO of its group holding company BMS Associates 
  • The Lloyd's insurance arm of Bermudian-domiciled Omega Insurance Holdings has parted company with its managing director Andrew Adie.
  • The owner of the offshore Gulf of Mexico oil rig which suffered a major explosion today (2 September) is a member of Bermuda-based industry insurance mutual OIL and has bought commercial cover in the past.
  • Lloyd's has joined UK regulator the Financial Services Authority in investigating accident-prone Lime Street motor underwriter Equity Redstar and may impose sanctions.
  • As Hurricane Earl continues on a track that flirts with landfall in North Carolina and states further up the Eastern seaboard, insured losses from the damage it wreaked in the Caribbean have been put as high as $150mn.
  • Lockton International is to transfer its broking business into a newly created limited liability partnership (LLP) before the close of the 2010/11 financial year, according to accounts filed with UK company register Companies House.
  • As anaemic interest rates continue to cut into investment returns and the well of reserve releases steadily dries up, underwriting discipline is crucial this year for reinsurers battling the soft market and is "the only lever left" for senior management riding the cycle.
  • US broker AmWins has become the second wholesale giant to lock horns in legal action with industry veteran Patrick Ryan's ambitious start-up, Ryan Specialty group (RSG), and its new wholesale broking arm R-T Specialty.
  • Moody's Investor Service has downgraded the outlook on Glacier Re's 2008 Nelson Re catastrophe bond on the risk of strategic default after the Swiss reinsurer placed its business in run-off.
  • Clive Buesnel, the CEO of Jubilee Group, has stepped down with immediate effect after less than four months at the small Lloyd's insurer, The Insurance Insider can reveal.