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  • Lloyds TSB Corporate Markets has hired former Citigroup executive Stephen Winningham as global head of its Financial Institutions relationship banking division.
  • Marsh Inc may be disposing of its wholesale units less than a year after it swooped for London based operation Prentis Donegan. Last week, following an MMC board meeting, the broking giant confirmed that it was “exploring strategic alternatives”...
  • Second quarter income at Bermudian (re)insurer Arch Capital fell by 60 percent year-on-year, as the firm's catastrophe losses increased more than ten-fold to $95mn.
  • Market analysts have responded positively to Lloyd's insurer Chaucer Holdings 2007 results and its recent strategy.
  • The two former Marsh Inc executives who were found guilty in February of taking part in bid-rigging have been sentenced by a New York judge.
  • Until recently, Omega's Syndicate 958 was one of the core picks of Lloyd's Names. Active underwriter John Robinson's track record of never underwriting a loss in over 20 years and its predominantly short-tail book gave it a loyal following.
  • Operating returns for short-tail carriers were squeezed in the second quarter of 2014 as higher attritional losses and shrinking premium income impacted the bottom line.
  • Royal & SunAlliance (R&SA) has continued the disposal of its legacy business with the sale of two run-off portfolios in its Scandinavian subsidiary Codan to Wasa Run-Off.
  • Lobby group the Association of Bermudian Insurers and Reinsurers (ABIR) has told the US House of Representatives that proposed subsidised federal reinsurance legislation is "not sound public policy".
  • American International Group (AIG) has moved to calm the choppy waters around the unwinding of its doomed financial products business (AIGFP) by persuading a senior executive at the division to reverse his resignation in order to avert potential legal act