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  • 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.
  • Rapprochement for AIG and Greenberg; Sullivan nets $47mn pay-off; Marsh receives Qatari licence; Enstar shares fall; Paris Re RISC ratings affirmed; AWAC deal could net Darwin chief $9mn; Ariel Re appoints new chairman
  • Insurance specialists Kennedys and Davies Lavery have announced that the two firms will merge from 1 September 2008.
  • As predicted by The Insurance Insider, Capita Group plc and Marsh UK finalised their 10-year outsourcing deal, worth £187mn, that will see around 600 staff transfer to the outsourcing firm.
  • Around 30 Lloyd's Names face bankruptcy after losing a key court case last month over claims that they had been misled over reinsurance to close (RITC) which means Lloyd's syndicates take up business from prior years.
  • Former RenaissanceRe president Bill Riker will join Benfield Group Ltd as a non-executive director on 1 September 2008.
  • A two tier market continues among space insurers as underwriters demand significant rate increases on launch cover while in-orbit cover remains competitive.
  • Mining wordings are being re-written in the most comprehensive fashion for 20 years as the industry seeks to recover from disastrous first-half losses, The Insurance Insider has learnt.
  • The "naming and shaming" of London brokers by the Market Reform Group (MRG) over their failure to adopt a key electronic initiative that could speed up the payment of premiums from brokers to (re)insurers appears to be working.
  • Energy start up Torus Insurance Holdings has poached Munich Re's London-based construction team, The Insurance Insider understands.