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  • William Dewsall, the former managing director of Hogarth Underwriting, is set to be appointed CEO of planned construction and liability insurer Gable Insurance AG.
  • Trade buyers - including US property and casualty giants Allstate and Travelers and Bermudian (re)insurer White Mountains - are thought to have entered the preliminary bid stage for Bank of America's (BoA) $2bn-valued Balboa Insurance unit.
  • The authority that runs the Washington DC metro has reached an undisclosed out-of-court settlement with Aon over a 2009 metro crash that killed nine people.
  • A US Supreme Court decision on a gender discrimination case brought by former employees of Wal-Mart looks likely to make it more difficult for complainants to secure class action status.
  • Rating Agency Fitch Ratings downgraded its financial strength rating on Employers Re to “AA-” last week, citing concerns over the reinsurer’s reserves.
  • The flooding in Germany and other parts of central Europe may be even more costly that the devastating floods of 2002, Fitch Ratings has warned.
  • As delegates at this year's PCI annual event turn out their bedroom lights this evening after another hectic day of meetings, networking and discussions, the largest insurance public-to-private buy-out of the year will be formally announced.
  • (Re)insurance broker Lockton has continued the increasingly popular trend for building Fac reinsurance business after launching a property division dedicated to the sector.
  • 103 Gets The Bird As predicted in The Insurance Insider in our October 1999 edition, Transamerica Occidental Life has won its second PA LMX arbitration. Following on from its success with D&H/Chubb, the US reinsurer has avoided its reinsurance...
  • The approval of a Solvency II (SII) directive by the European Union Council of Economic and Finance Ministers (ECOFIN) that excluded all reference to group support and group supervision was widely criticised...