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  • The Brazilian economic boom has not translated into a growth in reinsurance demand despite the lifting of the state monopoly two years ago, according to a veteran Brazilian insurance consultant. 
  • Jardine Lloyd Thompson Group (JLT) is the broker for a share of the reinsurance cover for one of the local carriers insuring a Nigerian national oil company currently at the centre of overcharging allegations, it has emerged.
  • Secondary market cat bond pricing increased by a modest 0.2 percent last week, showing weak signs of recovery after a mammoth eight-week slide where valuations fell by more than 2 percent.
  • Independent London market (re)insurance broker BMS is in discussions with Lloyd's to launch a syndicate, The Insurance Insider can reveal.
  • In a move that could have profound consequences for some independent London wholesalers, as of this week Aon has ordered its global workforce to use its own resources to access wholesale markets, such as London, rather than sub-contract to rival brokers.
  • Lloyd's insurer Chaucer is opening a new office in Buenos Aires to write facultative property business, as it looks to exploit post-Chile rate hardening.
  • The musical chairs are continuing at American International Group (AIG), with the US insurer reportedly set to parachute in former Prudential plc CEO Mark Tucker as head of its Asian unit, AIA.
  • American International Group (AIG) has agreed to pay $725mn to settle a class action suit brought by state pension funds that alleged the group engaged in accounting frauds and misled its investors between 1999 and 2004.
  • Independent London broker Miller Insurance Services is to beef up its reinsurance capabilities with the hire of two senior executives from Guy Carpenter and a derivatives specialist from Evolution Markets, The Insurance Insider can reveal.
  • Kerrie Kelly is to step down as director general of the Association of British Insurers (ABI) barely six months after taking the role.