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  • A report produced for the Mayor of London by Bob Wigley, Chairman of Merrill Lynch Europe to examine how London could sustain its position as the world’s leading financial centre has concluded the city is in danger of losing out...
  • JLT group's marine and energy specialist broker Lloyd and Partners is set to recruit two members of Aon Benfield's facultative offshore energy team, our sister title Inside FAC revealed last week.
  • Bermudian insurer Endurance Specialty Holdings is selling off its London insurance unit after a strategic review, The Insurance Insider revealed last week.
  • A bitter dispute involving two run-off giants culminated in a victory last week for Randall & Quilter (R&Q) affiliate Cavell USA and R&Q founder Ken Randall against two insurance companies connected to Bermuda-headquartered Enstar Group
  • The UK High Court gave the go-ahead to the first solvent scheme of arrangement by a German reinsurer, paving the way for other German companies to consider using the UK run-off closure technique.
  • American International Group (AIG) hopes to pick up the pace in its attempts to sell off multi-billion dollar assets as its chairman and CEO Ed Liddy said he expects to announce a number of transactions in the coming weeks.
  • XL Capital has confirmed that it has hired Goldman Sachs to "explore value-enhancing opportunities" as it pointed to an increase in Q4 investment write downs.
  • Novae Group chief executive Matthew Fosh has counseled patience amidst the blanket of optimism that has enveloped the London market in recent months.
  • The saga that is Royal Bank of Scotland's attempts to sells its highly regarded insurance operations may have hit a further snag last week with suggestions that private equity firm CVC is no longer in exclusive talks with the bank.
  • Royal and Sun Alliance UK plc (RSA) has received permission by the China Insurance Regulatory Commission (CIRC) to operate Sun Alliance Insurance (China) Ltd in 2009.