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  • If further confirmation was needed that Lloyd's is the world's premier market for the placing of unconventional risks, then it has been provided by the news that an American football star has turned to the Corporation for a $1mn policy to protect his hair.
  • A successor to long-serving QBE CEO Frank O’Halloran has yet to be appointed, the insurer has told The Insurance Insider.
  • Hurricane Earl, the category four storm which is currently over the Atlantic Ocean to the north of Haiti, has raised hurricane alerts from the Bahamas to North Carolina.
  • Swiss Re chairman Walter Kielholz confirmed that the reinsurer plans to pay back the SFr3bn 2009 capital injection from Berkshire Hathaway rather than allow the Warren Buffett-headed investment giant to convert bonds into shares on the cheap.
  • Axis Capital last week revealed it is on the hunt for a chief financial officer (CFO), after announcing the resignation of incumbent David Greenfield.
  • Endurance last week announced that Arturo E. Falcon has joined its worldwide reinsurance subsidiary to lead expansion into the Latin American market from a new Endurance reinsurance office in Miami.
  • A former vice president in Standard & Poor's (S&P) London operation is launching a new company offering ratings analysis services to reinsurance buyers.
  • UK state-controlled bank RBS will close nearly half of the 27 branches in its insurance business as it prepares to offload the division.
  • Munich Re's American unit has been ordered to pay more than $200mn to Travelers relating to asbestos coverage by a New York state judge, according to reports.
  • A further chapter in the book of litigation unleashed by the American International Group (AIG) and its former CEO Hank Greenberg was closed last week with insurers on the directors' & officers' (D&O) programme agreeing a $90mn settlement.