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  • AIG subsidiary Chartis International leads the D&O coverage for investment bank Goldman Sachs, although The Insurance Insider can reveal that the coverage is very limited and unlikely to result in a claim.
  • UK life insurer Prudential has been approved for a primary listing by the Hong Kong exchange, say reports citing sources close to the situation.
  • As reported loss estimates for the Chile earthquake continue to mount, The Insurance Insider provides the definitive record of individual (re)insurers' announced exposures that are accelerating towards the the $5bn barrier in the aggregate. Click through to view our Chile Loss Tracker
  • The International Underwriting Association of London (IUA) has said that proposals to include insurers under a global banking tax are "hard to justify".
  • Insurance giant QBE has appointed the CEO of its Australian business, Terry Ibbotson, as its first global head of distribution.
  • Private equity firms Stone Point Capital and Hellman & Friedman have sealed a $1.1bn deal to acquire 100 percent ownership of Sedgwick Claims Management Services (Sedgwick CMS) - an insurance claims administrator that has more than 150 offices and service locations in the US and Canada.
  • The Lloyd's and London market directors' and officers' (D&O) insurers that underwrote the $100mn plus policy for Stanford Financial Group (SFG) executives must continue to pay out defence costs for at least another five months before being granted the opportunity to prove their exclusions have been triggered.
  • The New York Attorney General has "a devastating case" against Hank Greenberg relating to sham reinsurance transactions entered into by American International Group (AIG) 10 years ago, the presiding judge said yesterday (20 April).
  • John Coldman, who was parachuted in as the new chairman of Bermuda-based Omega Insurance Holdings last month, is undertaking a "comprehensive review" of the business.
  • Insurers would be among those hit by a global tax proposed by the International Monetary Fund (IMF) to cover the cost of future bail-outs.