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  • PricewaterhouseCoopers (PwC) has appointed Gavin Phillips as its new head of London Market and Lloyd's insurance group.
  • Travelers' Lloyd's operation has been hit by the sudden departure of its head of global property Martin Pope, along with a team of underwriters, The Insurance Insider revealed last week.
  • Reinsurance software specialist Q.Know Technologies Inc is understood to have closed doors to new business as the firm undergoes “financial restructuring”, The Insurance Insider can reveal.
  • New Insurance Australia Group (IAG) CEO Michael Wilkins detailed a much anticipated restructure last week that will see the Australian insurer withdraw its investment from Lloyd's Syndicate Alba and sell some of its UK-based motor insurance operations.
  • With the announcement by Swiss Re last week that Stefan Lippe is to become group deputy CEO and COO, replacing Andreas Beerli, the reinsurance giant appears to be refocusing its attentions on the underwriting side of the business.
  • The US Treasury and Federal Reserve has attempted to stave off a further deepening of the credit crunch with plans for a temporary increase in a longstanding credit line for beleaguered mortgage giants Fannie Mae and Freddie Mac.
  • Frontrunner Zurich Financial Services Group (ZFS) has pulled out of the bidding process for the insurance business of the Royal Bank of Scotland (RBS).
  • Stefan Lippe is to become Swiss Re's deputy CEO and COO, replacing Andreas Beerli, the reinsurance giant has announced.
  • Insurance Australia Group (IAG) has announced plans to withdraw its investment from Lloyd's Syndicate Alba and to sell some of its UK-based motor insurance operations.
  • Travelers' Lloyd's operation has been hit by the sudden departure of its head of global property Martin Pope, along with a team of underwriters, The Insurance Insider can reveal.