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  • Dunn joins JLT Re treaty practice; Markel hires Leach as underwriter
  • Troubled Australian insurer Insurance Australia Group (IAG) has returned to profit for the full financial year to 20 June 2009 - posting a net gain of A$181m, compared to a loss of A$261mn in FY2008.
  • Former General Reinsurance Corp senior vice president Richard Napier is scheduled to be sentenced on 15 September for his role in a sham finite reinsurance transaction involving the Berkshire Hathaway-owned reinsurer and American International Group (AIG)
  • Robert Benmosche, American International Group (AIG)'s new chief executive, will receive annual pay of $7mn in cash and shares and is in line for a bonus of $3.5mn a year.
  • Beazley Group is looking to launch a Names-backed special purpose syndicate (SPS) to reinsure its treaty account in time for 1 January 2010, which would make it the latest Lloyd’s (re)insurer to utilise the sidecar-style structure.
  • The share price of expansive Australian insurer QBE rose by A$6.36 to close at A$22.60 on 20 August as it released robust results for the first half of the year, including a record H1 profit after tax of A$1.018bn ($832mn).
  • Munich Re is set to pick up the bulk of last week's $200mn RusHydro loss as part of a property facultative placement, our sister title Inside FAC has revealed.
  • The number of Superfund cases filed annually in US district courts decreased by almost 50 percent between 1994 and 2007 - the period for which data is available - according to the US Government Accountability Office (GAO).
  • Chaucer Syndicates Ltd (Chaucer) has unveiled a strategic partnership with US-based insurance broker Global Special Risks, LLC (GSR) for a new underwriting platform for land-based oil and gas operators in North America.
  • Canopius Managing Agents CEO Clive Watson is to leave the Lloyd's (re)insurer with effect from 1 October. A successor is yet to be found...