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  • Aon is poised to integrate its retail, specialty and facultative reinsurance operations into a new global division, Aon Broking, to leverage greater control over its premium income and portfolio, The Insurance Insider can reveal.
  • Investors target Willis ‘safety and comfort' Stanford letters
  • Following the damage dealt to balance sheets and profits in 2008, Q2 financials reflected the welcome relief brought to the global (re)insurance sector by the easing of the financial markets turmoil.
  • The ramifications of Illinois regulators' decision to allow AJ Gallagher (AJG) to again negotiate contingent commissions have reignited the debate over the future of broker remuneration.
  • Former American International Group (AIG) chairman and CEO Maurice "Hank" Greenberg and his one-time CFO Howard Smith have buried the hatchet with AIG, settling all their long-running legal battles.
  • US financial watchdogs have heaped further criticism on the Federal Reserve Bank of New York (FRNY) for its handling of last year's near-collapse of American International Group (AIG).
  • Expansive Lloyd's insurers RJ Kiln and WR Berkley have confirmed increases in capacity for the 2010 year of account.
  • The Pennsylvania Insurance Commissioner Joel Ario last week filed a complaint to force Kingsway Financial Services to unwind a set of "sham transactions" that it said negatively impacted Lincoln General, one of its subsidiaries in the state.
  • Lloyd's (re)insurer Chaucer became the latest firm to admit to a shortfall in its trade credit portfolio last week, as it revealed it had strengthened the reserves by £23.5mn in the third quarter.
  • Bermuda-domiciled Hardy Underwriting unveiled good progress towards its goal of doubling premium income between 2008 and 2012 last week.