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  • Following the withdrawal of Zurich Financial Services (ZFS) from the bidding process, the sale options for Royal Bank of Scotland's (RBS) insurance business look to be dwindling - along with the value the banking giant can expect to extract from the unit.
  • 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.
  • Tropical windstorm Bertha - named the first Atlantic hurricane of 2008 - will skirt past Bermuda, after an unprecedented early start to the hurricane season.
  • 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 departure of a group of senior executives from the property division of Heritage Underwriting Agency plc will be seen as a major blow to Argonaut Group International Holdings, which bought the Lloyd’s insurer earlier this year.
  • Investor pressure is thought to have been the key driver behind Zurich Financial Services (ZFS) sudden exit from the bidding process for the insurance business of the Royal Bank of Scotland (RBS) announced last Thursday (11 July).
  • 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.