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  • World Trade Center developer Larry Silverstein will not be able to recover billions of dollars from airlines in relation to the 9/11 attacks because he has already been compensated by insurers, a US federal judge ruled this afternoon (18 July).
  • Insured losses from last week’s earthquake in the Abruzzo region of Italy are likely to be between EUR200mn and EUR400mn, according to risk modeling agency AIR Worldwide.
  • Adam Barker, one of the executives to break away from HCC Global (HCCG) to join Ryan Specialty Group's (RSG) nascent London operations, has left the firm by mutual consent, The Insurance Insider can reveal.
  • Lloyd’s have appointed the executive headhunter firms Russell Reynolds and Spencer Stuart to advise them on their search to replace the departing Nick Prettejohn.
  • Shares in Lloyd’s (re)insurer Beazley Group plc rose by almost 6 percent this morning (30 July) as it reported a doubling of profits in the first half of 2007 on the back of income growth, low claims and rising investment income.
  • Bermudian headquartered Quanta Capital Holdings has parted company with its founding chief executive Tobey Russ.
  • Swiss banking giant USB has been ordered to pay French financial management company Oddo & Cie EUR30mn ($39.4mn) to reimburse its Madoff-related losses through Access International's LuxAlpha Sicav fund, which is supervised by UBS's Luxembourg unit.
  • In a move set to add to an already mixed picture of new broker models, Heath Lambert has today published its own system of payment for work carried out on behalf of insurance companies. Using what it describes as its Broker Insurer Services Commission (BI
  • The future of Bermudian ILS start-up Dunamis is in question after funds failed to materialise to support deals pledged by the firm during the 1 January renewals.
  • The California Earthquake Authority (CEA) hopes to reduce significant reinsurance expenses by breaking out from under the wing of risk warehouser Swiss Re to sponsor its first cat bond in 2011.