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  • Marsh's wholesale division, Bowring Marsh, has opened an office in Tokyo as part of plans to expand in Asia in 2010.
  • Lloyd's China has been granted a licence by the China Insurance Regulatory Commission (CIRC) to write direct insurance, in addition to its existing reinsurance licence.
  • Lloyd's insurer Chaucer has flagged up hardening conditions in UK motor, aviation and catastrophe-exposed property markets and forecast a "significant increase" in offshore energy rates.
  • The insurance industry is not giving QIS5 the respect it deserves and its failure to do so poses a risk to its successful implementation of Solvency II, according to Towers Watson.
  • UK life insurer Prudential is seeking shareholder approval for a massive $14.5bn rights issue to help fund its planned acquisition of American International Group (AIG)'s Asian business, AIA.
  • Financial/professional lines specialist Dual Corporate Risks has secured £5mn of capacity from AmTrust to write professional indemnity (PI) cover for insurance brokers.
  • Seven Lovells lawyers jump ship to Foley & Lardner...
  • Lloyd's and international (re)insurer Hardy saw its share price plummet almost 12 percent in afternoon trading today (17 May), as it surprised investors with the scale of its losses in the first quarter.
  • Lloyd's and international (re)insurer Hardy has warned that claims from the Chilean earthquake and Australian hailstorms in Q1 will have a material impact on profit expectations for the 2010 financial year.
  • Fetooh Al Zayani, the former managing director of insurance and reinsurance at Qatar Financial Centre (QFC), has joined risk and insurance advisory group Kane.