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  • Two months after Jardine Lloyd Thompson's (JLT) proposed takeover of rival Heath Lambert fell through, analysts have turned their attention to the quoted UK broker's prospects as an independent entity.
  • Two former Marsh executives found guilty of bid-rigging charges in a high-profile case brought by former attorney general Eliot Spitzer have had the convictions thrown out by a New York judge.
  • Troubles mount as company receives Wells Notice AM Best has placed Bermudian reinsurer RenaissanceRe and its subsidiaries under review with negative implications for financial strength and debt ratings.
  • In the first transaction of its kind following Germany’s implementation of the EU Reinsurance Directive, Deutsche Rückversicherung AG (Deutsche Rück) has transferred all of its run-off business to its UK-based subsidiary.
  • Bermuda-based (re)insurer Arch Capital Group has received approval in principle from the Lloyd;s Franchise Board and UK regulator the Financial Services Authority (FSA) to establish a new managing agent and syndicate at Lloyd’s.
  • London-based aviation MGA, Global Aerospace Underwriting Managers (GAUM) is the lead insurer and Aon the broker for the Federal Express (FedEX) cargo plane that crashed at Tokyo’s Narita airport on Monday (23 March)
  • Broking giant Aon has said it intends to withdraw from business in Iran after concerns were raised by one of its major investors, New York City Pension Funds. The New York Comptroller William Thompson had questioned the broker’s...
  • Aon UK announced today (22 June) that it will soon have the ability to trade electronically across all its London market lines of business.
  • Ratings agency Standard & Poor's (S&P) has lowered its counterparty credit ratings on global financial services firm Marsh & McLennan Cos (MMC) to BBB- from BBB, with a stable outlook.
  • Insolvent corporate capital providers cost market dear The Lloyd's Central Fund has now paid more than $1bn on behalf of insolvent corporate capital providers who have left the market with outstanding liabilities. Last month the Society revealed tha