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  • Brit Insurance Holdings Plc has signed an agreement with Jardine Lloyd Thompson (JLT) to provide capacity for the broker's new "micro-SME" facility.
  • The solvent scheme of arrangement for Australian insurer Suncorp Metway Insurance Company is unlikely to proceed after gaining insufficient support.
  • Arthur J Gallagher International has welcomed aboard Simon Matson, who was due to join the firm’s new joint venture onshore/offshore "boutique" energy subsidiary on 2 June, The Insurance Insider can reveal.
  • Despite US Treasury Secretary Henry Paulson’s recent comments that "we are seeing signs of progress as capital and credit markets stabilise", the (re)insurance market will "feel the effects for some time to come", according to experts.
  • American International Group's (AIG) former chairman and CEO Maurice "Hank" Greenberg could face civil charges after being served a Wells Notice by the US Securities and Exchange Commission (SEC) over his role in two reinsurance transactions.
  • The staff-poaching dispute between UIB and Marsh is to be heard before the Commercial Court on 30 June.
  • Trading risk platform Insurance Futures Exchange Services (IFEX) is to facilitate margin trading during the North Atlantic wind season - in a move that may encourage greater activity on the derivative exchange.
  • The London market is reporting lighter sub-prime related claims experience than US insurers, due mainly to its "limited US portfolios", according to senior market sources.
  • Speaking at Trading Risk’s event last month, Goldman Sachs’ Michael Millette provided an erudite description of the turmoil facing the capital markets.
  • Contrasting pictures were painted by late reporting Bermudian (re)insurers – depending on their vintage.