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  • Lloyd's insurer Chaucer Holdings plc confirmed last week that it is looking to raise additional capital after speculation had contributed to a near 40 percent slide in its share price this month.
  • Bob Deutsch, the industry veteran and founding CEO of Ironshore Inc, has joined the (re)insurance-focused private equity firm Greenhill Capital Partners as a managing director.
  • It emerged last week that Aon has already paid £36mn ($58mn) to Manchester United as part of the four-year sponsorship deal that begins later this year.
  • Expansive Ryan Specialty Group's US wholesale broker R-T Specialty, has announced that industry veteran Mark Smith has joined the firm's New York office as its president and managing director.
  • Followers of US tort reform developments were teased this month with the prospect of a real breakthrough, as Republican Senator Bill Frist stepped in to rescue stalling asbestos talks, negotiating a new deal between insurers and industrial defendants over
  • Shares in IPC Holdings fell sharply last week as the Bermudian cat reinsurer followed a profits warning earlier this month with confirmation last week of a second quarter net hits of $62.6mn and $50.1mn respectively from UK and Australian storms and flood
  • Aon UK announced last Thursday (22 June) that it will soon have the ability to trade electronically across all its London market lines of business.
  • Ratings agency Standard and Poor’s (S&P) has said the Asia Pacific region is set for a fall in underwriting profitability at year-end 2004, the result of decreased resilience to pricing pressures.
  • 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.
  • Marsh & McLennan Agency (MMA) has bought US mid-tier independent broker Thomas Rutherfoord for an undisclosed sum, as it continues to build a nationwide business through acquisitions.