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  • Aon is Swett's largest customer - by a long way - which means the broking giant plays a pivotal role in the merger talks between the US wholesaler and Cooper Gay
  • The soft market, squeezed margins and the less treacherous regulatory waters are encouraging brokers to come up with new schemes to extract money out of insurers. They may not be contingents but concern is growing over these "off-slip" arrangements
  • Expansive business outsourcer Xchanging has acquired contract renewals, including workers' compensation contracts and medical claims processing services, from a number of its existing customers in the Americas region.
  • An "exceptionally" heavy first half for earthquakes and storms has generated a record $22bn of insured losses from natural catastrophes, according to figures compiled by Munich Re.
  • Lloyd's may fail to make an underwriting profit in 2010 due to the stinging catastrophe losses in the first half of the year, according to ratings agency AM Best.
  • Pricing in the US property and casualty insurance industry is continuing to soften, according to MarketScout's latest survey of rates.
  • American International Group (AIG) subsidiary Chartis has restructured its European Economic Area (EEA) operations by centralising its UK, Ireland and Europe units under one regional management team headquartered in London.
  • Bermuda-based Maiden Holdings is set to buy a majority stake in the reinsurance business of UK-based automotive business of GMAC International Insurance Services, almost three years after buying its US-based sister company GMAC Re.
  • Two former Marsh executives found guilty of bid-rigging charges in a high-profile case brought by former attorney general Eliot Spitzer have had the convictions thrown out by a New York judge.
  • Ariel Re's departing COO, reinsurance veteran Russell Brooke has emerged as the prospective head of Tokio Millennium Re's (TMR) planned Sydney branch office, The Insurance Insider has learned.