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Lehman starts $9mn CDS action against AIG
Lehman Brothers is suing American International Group (AIG) for $9mn it says the insurer owes on credit default swap covers it took out on three firms that subsequently filed for bankruptcy, according to reports.
17 August 2009
CNA Europe names Hennessey CEO
CNA Financial Corporation has appointed John Hennessy to replace Julian Eniozi as head of its European operations, with a mandate to grow its European distribution.
17 August 2009
BVI and Cayman Islands join OECD white list
The British Virgin Islands and Cayman Islands have joined Bermuda in being upgraded to the Organisation for Economic Cooperation and Development's (OECD) white list, after meeting internationally agreed tax standards
17 August 2009
Hartford in $48mn Florida worker's comp settlement
US insurer The Hartford is to refund $48.3mn in excess profit to worker's compensation policyholders in order to comply with Florida law.
17 August 2009
WR Berkley launches Pacific unit
US insurer WR Berkley has launched a new unit to write commercial cover in the US Pacific northwest market.
17 August 2009
Lloyd's gets further ratings endorsement
Lloyd's has received its third rating confirmation in a month.
17 August 2009
Guy Carp confirms Pope appointment
Guy Carpenter has confirmed its appointment of Aidan Pope - former chief executive of Aon Benfield's Latin America and Caribbean (LAC) business - as CEO of its LAC operations.
17 August 2009
Aon aviation exodus continues as Willis hires Kisor
Broking giant Aon has lost yet another senior aviation executive, this time to Willis, after its former executive vice president of Los Angeles and Chicago operations, Stephen Kisor, joined the rival broker.
17 August 2009
Wrynn to replace Dinallo as NY insurance superintendent
The state of New York has named lawyer and executive director of the state's insurance fund, James Wrynn, as insurance superintendent following the resignation of Eric Dinallo in July.
17 August 2009
R&Q to grow broker services division with RK Carvill deal
Expansive UK run-off acquisition firm Randall and Quilter (R&Q) is growing its broker services division with the purchase of the discontinued operating subsidiaries of reinsurance broker Carvill Group, along with its legacy portfolios.
17 August 2009
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