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  • BMS Group has reached a settlement with former senior employees and rival London market broker CJ Coleman (CJC) over claims of conspiracy and gross breach of duty that it brought to the UK High Court on 24 November, The Insurance Insider has learnt.
  • The acrimonious defection of a UK construction team to London market broker RFIB Group has failed to wrestle the major Balfour Beatty civil engineering account, The Insurance Insider can reveal.
  • London-based captives and mutual manager Heritage has received the green light to establish Heritage Insurance Management (Bahrain) WLL (HIMB) on the Persian Gulf island kingdom Bahrain.
  • Private equity backed insurance group Hyperion is poised to take on Benfield Corporate Risk's (BCR) US wholesale property/casualty unit to its broking arm Howden, The Insurance Insider can reveal.
  • American International Group (AIG) has slashed senior executive remuneration as a gesture to its new US political paymasters and in an attempt to speed the group to recovery, with CEO Ed Liddy earning a $1 salary for 2008-2009.
  • Run-off provider PRO Insurance Solutions has become an accredited Lloyd’s run-off broker, gaining full access to the London market accounting and settlement systems.
  • Bermudian (re)insurer Allied World Assurance Company Holdings Ltd (AWAC) plans to borrow $250mn from a $400mn revolving credit facility.
  • The US government has launched an investigation into ratings agency culpability for the global financial crisis by artificially boosting credit default swap (CDS) ratings.
  • Bermudian-headquartered reinsurer Flagstone Holdings Ltd has appointed Patrick Boisvert as Chief Financial Officer (CFO) following a restructuring of the group's Swiss division and main operating company, Flagstone Reassurance Suisse SA, where Boisvert co
  • The Caribbean Catastrophe Risk Insurance Facility (CCRIF) – the multi-country catastrophe risk pool backed by the World Bank has confirmed that November's Hurricane Paloma will not trigger a payout to the Cayman islands.