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  • Ratings agencies have continued to be cautious on American International Group Inc's (AIG) prospects despite its $85bn US Government rescue on Tuesday (16 September).
  • Leading shareholders in beleaguered American International Group Inc (AIG) are set to meet today in a bid to come up with an alternative plan to the $85bn federal government bail-out that would effectively nationalise the US giant.
  • Jan-Oliver Thofern, the recently appointed head of Aon Re Germany, will lead the reinsurance broker's combined German operations once Aon Corp's acquisition of Benfield Group is completed later this year.
  • Beazley Group has acquired the London-based personal accident underwriting agency Momentum Underwriting Management Ltd (MUM) for up to $37.5mn, the quoted Lloyd’s insurer revealed today.
  • The New Jersey based run-off commutations event which takes place next month is poised to be the largest yet with around 450 delegates now expected.
  • HSBC Insurance Brokers has become the latest broker to access the emerging Middle East market after gaining a licence for Qatar.
  • The global (re)insurance industry has been counting the cost and revealing its total exposure to failed US investment bank Lehman Brothers, which filed for bankruptcy protection on 15 September.
  • The collapse of Lehman Brothers made its impact felt in the reinsurance convergence markets last week as ratings agency Standard & Poor's (S&P) put tranches of four cat bonds guaranteed by the failed investment bank on negative watch.
  • Market figures and commentators have offered contrasting views on the perceived market opportunities in the wake of last week's US Government led bail-out of American International Group (AIG).
  • Global electronic banking payments specialist SWIFT is to provide an electronic platform for electronic data transmission to a group of major reinsurance players.