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  • The arrival of Brian Duperreault at the helm of Marsh & McLennan Cos (MMC) has reduced the likelihood of an imminent takeover bid by Willis Group Holdings, reflected in the rising share price at the smaller broker following the news.
  • QBE Limit and Amalfi Underwriting Ltd, together with Markel International, are set to take broker Surety Guarantee Consultants Ltd (SGC) to the High Court alleging fraud in connection with construction bonds it issued as a coverholder.
  • After improving for three consecutive quarters, renewal rates across a number of lines of global commercial business flattened off in the third quarter
  • Beleaguered insurer American International Group (AIG) has seen favourable developments in two of the lawsuits arising from the explosion of its credit default swap (CDS) book in 2008.
  • Elliot Richardson, the new head of Aon’s facultative reinsurance division, was tempted away from rival Benfield Group by a bumper remuneration package of up to £1mn, according to market sources.
  • RK Harrison, the independent London Market broker, has been hit by the loss of a major North American account to Aon Ltd.
  • Lloyd’s insurer Hiscox plc revealed today (11 September) that it is relocating its headquearters from London to Bermuda.
  • Stephen Way has become the latest "A list" US insurance executive to suddenly resign from his company following regulatory scrutiny into its activities.
  • Bermudian reinsurer Max Capital has labelled a legal challenge to its merger agreement with IPC Holdings "meritless" and "nothing more than another attempt by Validus to distract investors".
  • Swiss Re, the world’s largest reinsurer, announced another change to its senior management team last week with the departure of its veteran chief financial officer Anne Godbehere.