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  • As well as cutting 2008 capacity on Lloyd's syndicates, a number of the market's listed insurers have already begun to hand capital back to shareholders - a pattern likely to continue this year...
  • The departures from Aon Natural Resources & Construction in London has continued with a number of key staff tendering their resignations recently, including Derek Thrumble.
  • Cherkasky departure linked to activist; break-up pressures grow (again)
  • Competition has forced reinsurance rate reductions of up to 15 percent at 1 January as the industry shows signs of reverting to its historic pattern of "feast and famine", according to leading market players.
  • UK executives have been warned about the impact US plea bargains could have on indemnity and directors’ and officers’ (D&O) insurance.
  • Recently merged New York law firm Dewey & LeBoeuf LLP has opened an office in Dubai, with a primary focus on corporate finance.
  • Lloyd's (re)insurer RJ Kiln & Co has strengthened its international network of marine and cargo business with the acquisition of The International Marine (Underwriting Agency) Limited (IMUA).
  • Reinsurance broker Guy Carpenter is to set up an office to capitalise on the growing central and eastern European market.
  • Run-off (re)insurer Alea Group Holdings has agreed to "fully and finally" commute all exposures under an excess-of-loss reinsurance treaty which will see the firm record a net loss of around $8.8mn in the 2007 fourth quarter.
  • Ex-Heath Lambert executive Hugh Champion has taken up his new post as director of rival broker RFIB Group Ltd, after leaving the up-for-sale broker last year.