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  • Marsh Inc made its second management reshuffle in a matter of months last week as new CEO Dan Glaser stamped his authority on the ailing broking giant with an organisational restructure to "improve efficiencies".
  • A duo of proposed special purpose syndicates (SPS) to provide quota share reinsurance to Ark Syndicate 4020 and Hiscox Syndicate 33 respectively have gone live for the 2008 year, Insider Week can reveal.
  • Recently listed UK run-off firm Randall & Quilter Investment Holdings (R&Q) has appointed ex-Wellington executive John O'Neill as chief operating officer of its UK Insurance Services Division.
  • Commercial insurance underwriting agency APC Underwriting has signed a "unique" contract within Lloyd's, which combines property, combined liability, professional indemnity, directors' & offices' (D&O) and legal expenses.
  • US insurer Chubb Corp has confirmed it will redomicile its European holding company from Brussels to London, as revealed by The Insurance Insider last year.
  • US financial services firm State Street Corp's decision to establish a $618mn fund to cover sub-prime related lawsuits has set alarm bells ringing among directors' and officers' (D&O) insurers offering defence costs coverage.
  • US insurer HCC Insurance Holdings Inc has confirmed the launch of a new wholly aligned Lloyd's syndicate to write business on behalf of its latest acquisition, Indiana-based MultiNational Underwriters (MNU).
  • The criminal trial of four former General Re executives and an ex-American International Group (AIG) employee is set to start today (7 January) in a Connecticut court.
  • The California Earthquake Authority (CEA) has once again returned to the capital markets with a $496mn continuation of the Redwood series of cat bonds.
  • The proposed insurance company focusing on energy and commercial property lines and backed by ex-Aon Natural Resources London chairman Tim Fillingham and former Navigators UK and Europe CEO David Hope will be called Torus, The Insurance Insider can reveal