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  • Guy Carpenter has announced that it has named Liz Flynn as Global Chief Operating Officer (COO) as a replacement for Charlie Fry whose departure from MMC's reinsurance broker The Insurance Insider revealed in March.
  • Industry declared losses in relation to the Chile earthquake have now reached $6.5bn after Swiss Re became the latest (re)insurer to up its loss estimate, with a new figure of around $630mn.
  • As the London Stock Exchange opened this morning, Brit Insurance Holdings' share price soared 20 percent to 880p, as investors reacted to the firm's rejection of an unsolicited all-cash bid from private equity group Apollo.
  • Shares in UK insurer Brit Insurance are likely to trade up sharply today after The Insurance Insider revealed yesterday that the firm had received a takeover approach that is thought to be at over a forty percent premium to its closing share price.
  • Brit Insurance Holdings has confirmed that it has rejected an approach from a private equity group with a potential cash offer, following revelations by The Insurance Insider earlier today (10 June).
  • The proposed solvent scheme of arrangement for the Camomile Pool companies has won unanimous approval from its creditors at a series of meetings this morning (10 June), The Insurance Insider understands.
  • Members' agent Hampden has appointed Hugh Garmoyle, a former managing director at JP Morgan Cazenove, as a non-executive director.
  • Niche private equity investor BP Marsh has gone into partnership with Randall Goss-led wholesaler US Risk Insurance by taking a significant stake in the latter's Lloyd's broking house, NCG Professional Risks.
  • Brit Insurance has not responded to a request for comment on suggestions that it recently received a takeover approach.
  • US insurer Liberty Mutual has named one of its most experienced senior executives, David Long, as group president from 1 July.