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Aon confirms UK CEO departure; global specialty restructure looms
Aon has confirmed that UK CEO Peter Harmer is set to return to Australia at the end of September...
22 June 2009
Greenberg robust in AIG-SICO dispute
Maurice "Hank" Greenberg took the stand for two-and-a-half days last week after being called as a witness for the prosecution in a trial federal civil trial between his former and current charges...
22 June 2009
Cooper Gay confirms hire of City duo as it lays ground for IPO
London market (re)insurance broker Cooper Gay (Holdings) Ltd has taken a decisive step towards its ambition of a public listing with the imminent arrival of two City heavyweights that have recently stepped down from Benfield Group.
22 June 2009
Byrne flags up inflation concerns; piles into TIPS
After 2008's bleak investment conditions, Flagstone Re has piled out of equity investments and now has 34.5 percent of its portfolio invested in US Treasury Inflation-Protected Securities, or TIPs...
22 June 2009
Spanish Consorcio steps in to reinsure trade credit market
Spanish state-funded national catastrophe and terrorism fund the Consorcio de Compensación de Seguros (CCS) and Spain’s insurance trade body, Unespa, have signed a reinsurance agreement...
22 June 2009
Industry converges for inaugural Trading Risk awards
The great and the good of the convergence sector are dusting off their dinner jackets in preparation for the inaugural Trading Risk 2009 awards later this week, with competition fierce for the eight award categories.
22 June 2009
Willis in talks over Gras Savoye stake sale
Willis Group Holdings confirmed last week that it was in discussions over selling a portion of its interest in privately held French broker Gras Savoye & Cie.
22 June 2009
Stanford insurers cheered as criminal charges levied
Allen Stanford, CEO of fraud-hit banking and investments group Stanford Financial, was accused of running a $7bn scam to defraud investors, as the FBI filed criminal charges against the colourful Texan and several of his associates.
22 June 2009
Kiln's Creasy to join Capita
UK outsourcing giant Capita is set to appoint Edward Creasy, chairman of Tokio Marine subsidiary Kiln plc, to the board of its insurance services arm as a non-executive director, The Insurance Insider can reveal.
22 June 2009
Deadline looms for Equitas part VII transfer approval
On 24 June, the UK High Court will be asked to approve the historic Part VII transfer of all Equitas' remaining liabilities - now comprising some $7.8bn – in a deal which could finally allow Lloyd's Names to "sleep easily at night".
22 June 2009
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