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  • One of the most effective shackles preventing Aon Benfield's key producers from leaving the newly formed leviathan were removed last week, when the reinsurance broker paid its annual bonuses.
  • Following a nine-month strategic review, XL Capital placed its UK and Irish life annuity reinsurance business into run-off, citing market conditions.
  • The European Commission (EC) has put forward plans to scrap certain EU competition exemptions relating to insurance policy agreements, citing preliminary findings which suggest the agreements are not specific to the insurance sector.
  • Allied World hires ex-AIG execs for Asia expansion; JLT launches RVI unit with Aon hire; Colemont hires aviation duo from Aon; Sutherland appointed CEO of Qatar Board; Allianz appoints new risk transfer CEO; Aspen promotes Griffiths replacement
  • Catlin rights issue gets 98.68% take-up; Montpelier Re expands LOC facility; Lockton opens Dubai office
  • UK-listed run-off vehicle Tawa plc fell to an after-tax consolidated loss for 2008 of $42.4mn, driven by deepening losses from the bond portfolio in its CX Re subsidiary.
  • Former Berkshire Hathaway executive Tom Bolt – who is widely admired in Lime Street – is now to take on the ultimate underwriting job by succeeding Rolf Tolle as the Society’s Underwriting Performance Director.
  • Existing estimates of the global (re)insured losses arising from sub-prime, credit crisis, liquidity and fraud-related litigation are "intuitively low", according to industry leaders...
  • Lloyd’s insurer Amlin plc remains a leading runner in the race to acquire rival Chaucer Insurance Holdings, after making an offer which values the firm at around £280mn, The Insurance Insider can reveal.
  • UK insurance intermediary Towergate Partnership has denied reports that it is drafting in KPMG to advise on restructuring its £560mn in loans and debt facilities which it has used to fund an aggressive acquisition strategy.