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  • US pension fund giant the California Public Employees' Retirement System (Calpers) has sued the big three ratings agencies over the rating of structured investment vehicles (SIVs) relating to sub-prime mortgages.
  • With 2009 looking set to be another year without pronounced market-wide rate increases, US property casualty (P&C) insurers could soon be seeing the end of bumper reserve releases propping up financial results...
  • Jardine Lloyd Thompson (JLT) is set to continue the expansion of its aviation practice as it moves to hire three senior brokers from Aon, The Insurance Insider can reveal.
  • American International Group (AIG) is accelerating steps to position its American Life Insurance Company (ALICO) subsidiary for a spin-off, as it continues to assess strategic options for the US life business, which may yet lead to a trade sale.
  • Former Arch Insurance Company (Europe) president and CEO Bob Van Gieson is joining Hyperion's underwriting agency Dual International as chairman and chief executive.
  • The General Insurance Corporation of India is on the slip for the Tupolev TU-154 passenger aircraft that crashed in northwestern Iran, killing all 168 on board, The Insurance Insider understands.
  • Omega Insurance Holdings has been endorsed by AM Best with an affirmation of the ratings on its Lloyd's and Bermudian operations, as the agency highlighted the group's strong capitalisation.
  • Lloyd’s insurer Ark Syndicate Management has entered the contingency market with the appointment of former Miller Insurance contingency broker Dan Goggin...
  • Insurance cuts could cost £1bn; Max picks up Ace duo; JLT hires Aon deputy chair; Omega promoted; Cooper Gay edges closer to IPO; CV Starr launches Lloyd’s US construction consortium; Jacko loss to be modest; JLT acquires Tysers US D&O; Catlin leads...
  • North Carolina's state-backed catastrophe insurance plans have securitised $125mn of catastrophe risk using Swiss Re America as a conduit to the capital markets.