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  • Former American International Group (AIG) CEO Hank Greenberg has written to the beleaguered insurer asking for the chance to bid for assets the company plans to sell to repay the $85bn loan granted as part of last month's US government bail-out.
  • Heavy claims in the first half of 2008 have pushed the US property casualty insurance industry to an underwriting loss of $5.6bn for the period, and a combined ratio above 100.
  • Global (re)insurance stocks remained steady in early trading today (30 September) as news of the rejection by US Congress last night of the $700bn rescue package for the country's ailing banking sector sent tremors through global indices.
  • Carl Phillips, currently head of operational services at Amlin will be joining Lloyd's to head up its market operations, The Insurance Insider has learnt.
  • London-based independent (re)insurance broker United Insurance Brokers (UIB) has registered its Brazilian operation as the list of companies taking advantage of the country's deregulation continues to grow.
  • PARIS RE Holdings Ltd has bought out founding shareholder FI Equity Partners BV's 5.36 percent interest in the company in a EUR55.5mn transaction.
  • Lloyd's investment vehicle Hampden Underwriting PLC (HUP) made a modest profit of £148,000 from its opening six months of underwriting as start-up costs took their toll.
  • Lloyd's has shortened the list of potential providers for its new messaging hub to three, The Insurance Insider has learnt.
  • QBE Group has formally parted company with Tim Kenny, the head of its US operations, The Insurance Insider revealed last week.
  • Alice Schroeder's biography of Warren Buffett "The Snowball - Warren Buffet and the business of life" has gone on sale today (29 September) as the actions of its subject continue to dominate the headlines.