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  • Reinsurance broker BMS has taken advantage of the fallout from Marsh's acquisition of HSBC Insurance Brokers (HIBL) by setting up a specie division.
  • Settlement talks between the New York attorney general's office and Maurice "Hank" Greenberg have postponed a deposition involving the former American International Group (AIG) CEO until after 1 September.
  • ABRY Partners, a US private equity firm focused on media and communications businesses, is one of the previously unnamed bidders in the Atrium sales process, The Insurance Insider's weekly edition revealed yesterday.
  • The institutional investors heavily burned by the collapse of broking house MF Global include hedge fund eminence grise Chris Flowers, who is facing loses of $47.8mn on his stake, according to Bloomberg.
  • Lloyd’s insurer Kiln appointed Keith Land as CEO of its newly formed Kiln Asia operation on 23 November.
  • Investment returns is continuing to be a clear differentiator for the quoted run-off firms that posted a mixed bag of 2010 interim results last month
  • The International Underwriting Association of London (IUA) has said that proposals to include insurers under a global banking tax are "hard to justify".
  • German giant Hannover Re has established a new life reinsurance subsidiary in Bermuda, the firm announced last week.
  • Spectrum talks break down, BRIT in the frame After publicly stating dissatisfaction with the performance of personal lines business at its Lloyd's operation, The Insurance Insider understands that giant US insurer St Paul Travelers has been talking wit
  • Despite unveiling interim results that continue to show improving underwriting performance, Royal & Sun Alliance (R&SA) disappointed analysts and rating agencies last week with news of further deterioration of its US business and a potential £800mn to sho