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  • Peter Matthews has been elected as chairman of The Association of Insurance and Reinsurance Service Providers (AirSP).
  • Six foreign reinsurance brokers have been licensed by the Brazilian insurance regulator Susep as intermediaries begin to take advantage of the newly deregulated Brazilian market, according to news reports.
  • Lloyd's brokers expect consolidation to continue over the next three years, despite the majority expressing concern that the credit crunch would impact broker valuations.
  • Shares in Bermuda-based Omega Insurance Holdings "justify a premium rating" regardless of takeover bid speculation, according to Numis Securities analyst Nick Johnson.
  • Alea group CFO and COO, Kirk Lusk, has resigned from the Bermudian-headquartered run-off company.
  • Allied World Assurance Company Holdings Ltd (AWAC) has launched its $500mn US reinsurance platform with the endorsement of A and A- financial strength ratings from AM Best and Standard & Poor's (S&P) respectively.
  • Tawa plc's move to part fund its acquisition of PXRE Reinsurance Company with a $14.4mn investment from a trust owned by billionaire steel magnate Lakshmi Mittal family members continues its strategy of widening its long-term investor base...
  • Aspen Insurance Holdings Ltd has become the latest Bermudian to establish a Lloyd’s presence with the launch of start-up Syndicate 4711.
  • Aon Ltd deputy chairman Jonathan Palmer-Brown has been elected as chairman of the London Market Insurance Brokers' Committee (LMBC).
  • Munich Re's acquisition of specialty provider The Midland Company has been approved by the US firm's shareholders.