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  • Ariel Re's departing COO, reinsurance veteran Russell Brooke has emerged as the prospective head of Tokio Millennium Re's (TMR) planned Sydney branch office, The Insurance Insider has learned.
  • Perhaps demonstrating the capital market’s restraint over supporting new reinsurance ventures, a trio of start-ups in the sector that were mooted to list on the London Stock Exchange’s Alternative Investment Market (AIM) look increasingly unlikely to proc
  • Willis Group shares fell heavily after the broking giant reported third quarter profits below analysts’ expectations and said it was reviewing targets for 2009 and 2010 because of the financial turmoil.
  • Privately owned UK broker Heath Lambert Group has announced a 19 percent rise in profit in its half-year trading statement today (31 July) - a day before its larger rival Jardine Lloyd Thompson Group plc unveils its own figures.
  • Fuelled by its acquisition of GE Insurance Solutions (GEIS), Swiss Re reported a 14 percent increase in business at the January renewals, the equivalent of SFr1.3bn.
  • Willis Group Holdings Limited is to lose a member of its senior management as the broker confirmed that Tom Colraine is to leave the firm after 18 years.
  • Carl Phillips, currently head of operational services at Amlin will be joining Lloyd's to head up its market operations, The Insurance Insider has learnt.
  • Veteran London market underwriters Peter Cottrell and Niels Aaskov have launched Insure-London, a managing general agency focussing on marine-related and professional lines which will be supported by Brit Insurance, Insider Week can reveal.
  • Ousted AIG legend in legal tit-for-tat over rights to $20bn stake in former employer... On the 17 October former American International Group (AIG) chief executive, Maurice “Hank” Greenberg launched the latest round in an increasingly acrimonious...
  • "Class of 2005" Bermudian reinsurer Validus Re announced last week that it has raised $150mn through a private sale of Junior Subordinated Deferrable Interest Debentures as part of a pooled transaction.