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  • Modelling agency RMS has said there is a good chance that the 17 November outbreak of tornadoes in Illinois and Indiana could produce a $1bn insured loss.
  • The regenerative nature of the reinsurance broking sector has once again been demonstrated, with former Benfield Group directors John Coldman and Michael Rees preparing to reunite with ex-colleagues...
  • Bliss & Glennon, a Californian-based wholesale broker inherited by Willis Group as part of its $2.1bn acquisition of Hilb Rogal & Hobbs, was sold by the international broker last week.
  • CCLA Investment Management, a specialist fund manager for UK charities, local authorities and the Church of England, has invested £20.58mn in the London-listed Catco Reinsurance Opportunities Fund
  • Lloyd's insurer Catlin will take a $200mn loss on the 11 March earthquake and tsunami that devastated north-east Japan
  • Argo Group International Holdings has confirmed Art Davis as president of its excess and surplus lines (E&S) business, an appointment first revealed by The Insurance Insider in August
  • New Zealand's Earthquake Commission failed to renew one of its multi-year reinsurance contracts at the July renewals and had to source the cover on an annual basis, according to local press.
  • AJ Gallagher UK is in advanced talks to acquire London market broker First City Insurance Group Limited (FCIG), The Insurance Insider can reveal.
  • Two of the leading enforcers of Marsh's contingent commissions during the heyday of so-called Placement Service Agreements (PSAs) were found guilty last week of taking part in bid-rigging.
  • Willis Group Holdings has had its debt ratings placed under review for downgrade by rating agency Moody's after last week’s announced $2.1bn acquisition of Hilb Rogal & Hobbs (HRH).