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  • Travelers has placed $1.4bn of run-off liabilities that sit in a UK subsidiary up for sale as it hopes to capitalise on the strong interest in acquiring discontinued business.
  • American International Group's (AIG) new chief executive Rob Willumstad has given himself until Labor day (1 September) to demonstrate how he plans to restore the leviathan's fortunes.
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP
  • Aon recruits Benfield marine duo; Marketform expands into new lines; Xchanging continues $250mn M&A talks; UK Islamic insurer launched; Marsh UK parts company with senior exec; Coverzones boosts funding as carrier invests; RSA settles GM dispute; Amlin
  • In line with plans to refocus its business on its core (re)insurance operations, XL Capital also signalled a shift in its investment strategy, which has proved costly in the current credit and financial markets turmoil.
  • In the weeks leading up to XL's announcement of plans to cut loose from SCA, speculation had mounted over what rescue package new CEO McGavick would negotiate with regulators, and the potential role of third parties from within the (re)insurance industry.
  • Asked about the gathering storm of sub-prime last year, Henry Keeling described the crisis as presenting an "attractive opportunity" for the Bermudian (re)insurer.
  • Trading in Carvill's reinsurance catastrophe derivative contracts is now over $60mn in nominal value as the US hurricane season is sizing up to be the most potent since 2005.
  • As the softening insurance cycle continues to pervade the industry – putting pressure on commissions and increasing competition between brokers for clients – the battle for market share is as fierce as ever.
  • Shares in Jardine Lloyd Thompson Group plc (JLT) fell around 2 percent to 404.5p despite the firm booking a 9 percent increase in revenues and trading profits in its half-year results.