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  • The competitive trading conditions for insurance broking overshadowed Jardine Lloyd Thompson Group plc’s (JLT) 2006 results this morning where the theme of declining rates and the weak dollar was paramount.
  • The number of London Market companies hit by computer system failures has fallen significantly in the last year, according to a survey by the International Underwriting Association (IUA).
  • Global reinsurer Transatlantic Re has hired a senior vice president to head its new Singapore operation
  • The trade association for Lloyd's insurers was accused of a "thinly veiled attempt to reduce London brokerage levels" last week as the war of words over broker remuneration broke out once again.
  • UK motor insurer Admiral is facing increasing earnings pressure from softer UK insurance pricing, regulatory change and its decision to reduce volume growth, according to Espirito Santo analyst Joy Ferneyhough.
  • The United States Court of Appeals for the Second Circuit ruled last week against the relatives of Holocaust victims who purchased insurance policies with Italian insurance giant Generali.
  • Israeli insurance group Clal has continued to retrench from its overseas acquisitions with an agreement to sell Guard Insurance to National Indemnity, a subsidiary of Berkshire Hathaway
  • Stan Kott, CEO of Wellington Underwriting plc’s US arm - Wellington Underwriting Inc - has become the latest high-profile departure following the company’s £600mn takeover by Catlin Group with his resignation this week.
  • Marsh UK has announced that the axe is set to fall on staff as it pushes through the integration of HSBC Insurance Brokers (HIBL), the UK-headquartered broker whose £135mn acquisition the group completed in April.
  • Berkshire Hathaway backed Lloyd’s consolidation vehicle withdraws AIM float after failing to generate sufficient investor interest. The Insurance Insider analyses what went wrong... On a sticky Thursday afternoon in late July, the management and advis