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  • Three former Marsh excess casualty executives were cleared yesterday (26 October) of bid-rigging.
  • Willis is in exclusive talks with private equity firm Astorg Partners to sell down its stake in the French broker Gras Savoye and avoid the potential obligation to buy out minority shareholders next year for hundreds of millions of dollars.
  • The convergence market's uneasy relationship with US liability perils should be rethought, as the prospect of a new era of tort expansion will create opportunities for the sector.
  • A global coalition of insurers has called on developed countries to agree to a 40 percent cut in greenhouse gas emissions by 2020 at the UN climate change negotiations in Copenhagen in December.
  • In the latest chapter of the bid-rigging saga that has haunted Marsh since 2004, the broking giant and American International Group (AIG) have been served with a lawsuit by US commodity producer and distributor Seaboard Corp.
  • Luzi Hitz, CEO of European catastrophe information aggregator Perils AG, said the company's plans to provide a European industry-wide loss index will boost capacity in the European insurance-linked securities (ILS) and industry loss warranty (ILW) markets
  • With the Q3 reporting season picking up pace this week, strident third quarter results from early reporting US and Bermudian (re)insurers have brought the issue of capital management back into sharp focus.
  • As the US non-life industry gathers in Florida for the annual PCI conference, one of the unexpected topics was Markel Corp announcement that the group's president and COO Paul Springman had taken an unexplained leave of absence.
  • London-based Venture capitalist partnership Alpine Risk Services has provided funding to drive the future expansion plans of the UK transactional consultancy and development firm Wildnet.
  • Expansive independent (re)insurance broker Cooper Gay has acquired the majority shareholding in Florida-based reinsurance broker, Reinsurance.com.ar LLC.