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  • Macquarie Capital, which is managing the sale of troubled Quinn Insurance and sister company Quinn Healthcare, has set a 16 July deadline for expressions of interest, The Insurance Insider revealed
  • Lloyd's insurer Novae is expected to return between 35p and 40p per share to its investors unless the rating environment changes radically in the second half of the year, according to analysts at KBC Peel Hunt.
  • Although airline insurance rates were flat-to-down at the July renewals, the market is finally heading into a return to profit after three years of turbulence, reports Aon.
  • The cost of insuring against (re)insurance company defaults has risen significantly in a jittery six months marked by European governments arguing over how to settle the Greek deficit crisis.
  • Global specialty insurer Ace added 5 percent to its share price in trading on Friday (9 July), as the stock was buoyed by the announcement that it would rejoin the Standard & Poor's (S&P) 500 share index.
  • Lloyd's CEO Richard Ward has dismissed suggestions that his chairman Lord Levene of Portsoken will step down early to concentrate on his new retail banking venture.
  • The debate about broker remuneration tends to evoke as much hysteria from one side as it does paranoia from the other.
  • Business process provider Xchanging has committed to delivering a "step change" in service standards, in a letter sent to all London market CEOs.
  • The defensive insurance broker stocks largely out-performed their underwriting counterparts in the first half of 2010, with Willis Group heading the league table.
  • London-headquartered international broker Cooper Gay and US wholesaler Swett & Crawford finalised the details of their $3.5bn merger last week, after a month of intense discussions.