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  • The opaque but growing trend of brokers charging payments from insurers to place business with them has been attacked by an influential US think tank as “potentially damaging”.
  • Lloyd’s “plumbing” system of outdated, paper-based processes is so unwieldy and inefficient and weighed down with the “sewage” of so many unsigned wording, delays and errors that its "customers can’t bear the stink", according to Alex Letts CEO of...
  • Global broker Willis has followed rivals in posting strong first-quarter results with 4 percent organic growth in fees and commissions
  • Beazley has changed its regulatory capital currency to match its underwriting exposures, increasing the dollar proportion by $487mn.
  • Bermudian (re)insurer Allied World Assurance Co (AWAC) bounced back from 2005’s third quarter loss of $283.4mn with a strong $114mn contribution.
  • Simon Millar, a director at troubled property services group Erinaceous, has defected to broker Lockton's real estate & construction division.
  • Independent reinsurance broker RK Carvill has announced that it is to cease placing or renewing any new treaty business incepting after 1 April 2009, The Insurance Insider has learned.
  • The aviation sector's broker merry-go-round continues as Steve Doyle, manager of Aon's Aviation and Aerospace Global Practice Group, has resigned his post and is heading to rival Willis Group Holdings.
  • Integro Ltd has hired well-known broking figure Guy Bessis from Aon as a managing principal in its London operation.
  • Lloyd's has settled its £500mn Central Fund dispute with its six reinsurers, following the second phase of its arbitration tribunal, for a total of £152mn.