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  • Holt steps down; Brit pulls out of Augsburg Re binder; Jubilee hires new reinsurance director; London Fac moves; Brockbank returns; London 100 speaker calls bottom of crisis
  • Expansive independent (re)insurance broker Cooper Gay & Co has hired a 10-strong aerospace team from Benfield’s London division.
  • The sluggish 2008 reinsurance market saw Guy Carpenter’s underlying revenues fall 10 percent at the third quarter from $226mn to $205mn, although the firm’s cost-cutting programme enabled the margin to remain unchanged.
  • Volatility in the financial markets has led to significant fluctuations in the valuation of Lloyd’s listed vehicles – and potential suitors in the international property casualty (re)insurance industry.
  • Bermuda’s invasion of Lloyd’s continued unabated as Flagstone Reinsurance Holdings ended its long search for a Lime Street platform with an agreement to buy Marlborough Underwriting Agency Ltd from Berkshire Hathaway.
  • As Lloyd’s mulls its final decision on where to open regional operations in the Middle East, the market has delivered a clear verdict that it prefers Dubai as the location for the London market outpost to be located.
  • With doom-mongers beginning to measure American International Group’s (AIG) future in terms of weeks as the inadequacy of its September government bail-out package became obvious, a revamped $150bn rescue looks to have bought...
  • Integro Ltd has reduced its employee headcount by almost a quarter as new chief executive Peter Garvey implements a cost-cutting drive at the independent insurance broker, The Insurance Insider can reveal.
  • American International Group (AIG) and the US government are close to an agreement that would see the current $123bn bail-out of the troubled insurer replaced with a new $150bn programme that includes the buying up of toxic assets, according to reports.
  • Fallen insurance giant American International Group has unveiled a staggering $24.47bn third quarter net loss on the day it announced a $150bn revamped bail-out package with the US government it says is a “dramatic step forward for AIG and all of its stak