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  • Barlow Lyde & Gilbert (BLG) has parted company with the head of its reinsurance and international risk practice, Colin Croly. Meanwhile, it is understood that another of the law firm’s big hitters in the practice, Roger Doulton, has also left BLG to join
  • A number of Lloyd’s insurers are facing a claim for more than $45mn in damages from the former chief investment officer (CIO) of Stanford Financial Group (SFG) – the banking and investments group at the heart of $8bn fraud allegations.
  • Soros-backed (re)insurer Glacier Group saw its 2008 profits hit by the year’s heavy losses which led to the firm’s combined ratio climbing from 75.5 percent to 99.6 percent.
  • Barlow Lyde & Gilbert (BLG) has parted company with the head of its reinsurance and international risk practice, Colin Croly, The Insurance Insider has learned.
  • The US Treasury will recoup bonuses paid to employees of stricken American International Group (AIG) from the company, as the political firestorm over the payouts continues to spread.
  • Florida’s state-run property insurer Citizens Property Insurance Corp is set to sell $2.5bn of pre-event bonds to raise funds for potential claims arising out of the forthcoming hurricane season.
  • Channing Lucas & Partners approved as Lloyd's broker; Former Willis VP sentenced to prison term for fraud; Moody's warns of Syncora liquidation; Beazley sets up new US unit
  • Starr International hires Dangelo; Towers Perrin appoints Aon Benfield executives; Glencairn Energy picks up new deputy chairman; Torus appoints new US Head of Excess Casualty; Herman appointed president of Everest Specialty; WR Berkley names new Riverpor
  • The chief executive of UK regulator the Financial Services Authorty (FSA), Hector Sants, spelt out a move away from the organisation’s traditional principle-based regulatory approach in a speech last week.
  • UK insurer Royal & SunAlliance (RSA) has extended its business processing outsourcing agreement with Accenture by a further two years.