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  • 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.
  • 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
  • The London International Insurance and Reinsurance Brokers' Association (LIIBA) has said that its members now total over 120 firms - representing 98 percent of the London-based international broker sector...
  • The Chicago Mercantile Exchange (CME) facilitated a $10mn trade on its new 2nd event Gulf and Florida hurricane futures contract just days after its launch.
  • Last week's deal between Talanx and Swiss Life will boost Hannover Re's life reinsurance business, according to the unit's CEO Wolf Becke.
  • 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...
  • Following a nine-month strategic review, XL Capital placed its UK and Irish life annuity reinsurance business into run-off, citing market conditions.
  • Lockton International is to outsource its London professional indemnity claims broking department to commercial liability claims specialist Devonshire Claims Services (DCS), The Insurance Insider can reveal.
  • Lloyd’s property catastrophe (re)insurer Advent Group has unveiled an amended business plan that sees the firm use a 40 percent quota share of its 2009 property reinsurance book with its majority shareholder, Fairfax Financial Holdings, to ease its stretc
  • UK-listed run-off vehicle Tawa plc has fallen to an after-tax consolidated loss for 2008 of $42.4mn, driven by deepening losses from the bond portfolio in its CX Re subsidiary.