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  • Guy Hengesbaugh, the former chief operating officer of the defunct catastrophe reinsurer PXRE, is to head up Towers Perrin’s Bermudian reinsurance broker.
  • The World Economic Forum (WEF)'s seventh annual risk report has shown a marked shift away from environmental concerns to a return to worrying about the global economy.
  • HCC Insurance Holdings' stake in Heritage Underwriting Agency plc will more than halve once the Lloyd's insurer completes its plans to list on London Stock Exchange’s Alternative Investment Market.
  • Oxygen Holdings plc, the London market intermediary backed by high profile figures such as ICAP founder Michael Spencer and former Marsh president Bob Clements...
  • Bermuda-based Maiden Holdings is set to buy a majority stake in the reinsurance business of UK-based automotive business of GMAC International Insurance Services, almost three years after buying its US-based sister company GMAC Re.
  • Lloyd's has ruled out creating a fully-fledged US insurance company - an idea that was floated as part of the three-year strategic plan delivered in January.
  • The International Underwriting Association of London (IUA) has said that proposals to include insurers under a global banking tax are "hard to justify".
  • The flood of credit crisis-related litigation is turning into a trickle, with further evidence that class action lawsuits are declining, providing further good news for US errors and omissions (E&O) insurers.
  • International (re)insurers writing business in the US face $17bn in new taxes over the next decade if the Neal Bill is passed, according to an expert congressional committee.
  • World number two reinsurer Swiss Re announced profits up from SFr1.7bn to SFr2.5bn last Thursday (17 March), as it committed to earnings growth through the insurance cycle, targeting 10 percent a year increases in earnings per share.