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  • Stephen Matanle, the long-standing Marsh executive who left the firm last month as part of a widespread restructuring, has joined Libero, the new Lehman Brothers business which is spearheading collaboration...
  • Shares in XL Capital have continued their steady decline as doubts linger over the Bermudian's sub-prime related exposures and its long-term strategy and leadership.
  • Rod Fox has teamed up with his former EW Blanch colleague Ted Blanch to launch a "private boutique" reinsurance broker to compete on large account business with Benfield, Guy Carpenter and Aon.
  • US property catastrophe specialist RenaissanceRe has slashed its Californian earthquake exposures by 75 percent because it believes rates no longer reflect the risk of a major catastrophe.
  • Bermudian-headquartered run-off company Alea Group Holdings’ outstanding liabilities now stand at around $1.5bn after a series of major commutations, the company announced in its 2007 results.
  • Bermuda-headquartered (re)insurer Catlin Group Ltd reported an 8 percent increase in combined earnings to $462mn for 2007, on the back of the successful integration of acquired London (re)insurer Wellington Underwriting and growth in its US and internatio
  • Shares in quoted broker Jardine Lloyd Thompson Group plc (JLT) were trading up this morning after the company reported a 5 percent increase in pre-tax 2007 profits to £95.2mn, and turnover up 3 percent to £473.2mn.
  • French insurance giant AXA has bought yet another UK broker after agreeing terms to acquire SBJ Group.
  • Lloyd’s has approved Syndicate 2008 to write reinsurance to close (RITC) business, with the Shelbourne Syndicate Services Ltd (SSSL) managed vehicle already closing four open year syndicates with gross insurance reserves of around $455mn.
  • Microsoft has teamed up with six insurance IT firms in a bid to provide a "one-stop-shop" for the London market.