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  • Swiss Re could sustain net losses close to $1bn from the 27 February Chile earthquake - double the $500mn estimated by the reinsurance giant - according to Keefe, Bruyette and Woods (KBW).
  • Italy's biggest insurer, Generali, has ended the long-running speculation surrounding outgoing company chairman Antoine Bernheim by appointing frontrunner Cesare Geronzi as his successor.
  • Chartis UK has seen its 2009 combined ratio balloon to 105.8 percent, due to the combined effect of lower ceding commissions and claims arising from the global financial crisis.
  • Hopes that the loss-making UK motor sector would continue to accelerate smoothly with rate increases into 2010 have come to a shuddering halt, with evidence from a leading index that premiums actually fell in the first quarter.
  • Administrators of the distressed Irish insurer Quinn are welcoming interest from private equity firms - in contrast to the aborted sale last year of Royal Bank of Scotland (RBS)'s insurance businesses.
  • American Insurance Group (AIG) subsidiary Chartis International is leading the directors' and officers' (D&O) coverage for investment bank Goldman Sachs.
  • Willis Group has marked the opening day of the Risk and Insurance Management Society's (Rims) conference with a campaign to distance itself from rivals Marsh and Aon on the vexed question of contingent commissions.
  • Federal investigators probing allegations that hedge fund trader Raj Rajaratnam engaged in insider trading of Goldman Sachs stock believe that a director at the investment bank tipped him off about Warren Buffett's $5bn investment, according to The Wall Street Journal.
  • Ariel Holdings has appointed Tom Hulst as chief executive of its reinsurance business, following founder Don Kramer's announcement last month that he is standing down as CEO.
  • The bailout of American International Group (AIG) at the height of the financial crisis will eventually cost the American taxpayer some $50bn, according to a US government forecast.