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  • Bermudian reinsurer Flagstone has announced four new hires for its Lloyd's platform, following a major reorganisation of its underwriting structure at its Bermuda HQ.
  • The UK Court of Appeal sent a sigh of relief among London market insurers earlier this month after over-turning last year’s controversial GoshawK vs Tyser decision which ruled brokers were not obliged to produce documents previously shown to underwriters.
  • Steven Haasz – a key figure in driving market reform at Lloyd’s – has resigned, just days after the Society was upgraded to A+ by Standard & Poor’s citing “unstoppable momentum behind improving London market business processes”.
  • Broking houses in the UK approach higher-risk business involving third parties "far too informally", according to the Financial Services Authority (FSA).
  • Rehabilitation specialists HCML has said it aims to triple its workforce by the end of 2004 to support increased demand from UK businesses for comprehensive medial and vocational case management services.
  • Marketform, the Lloyd's insurer majority owned by the US firm Great American Insurance Group, is undertaking a significant reshuffle of its executive operations to improve its "corporate governance".
  • Spitzer pursues a 'bottom upwards' strategy with bid-rigging investigations Kathryn Winter, a former Marsh managing director, became the 10th member of the US property & casualty industry to plead guilty to a criminal charge in connection with the New
  • Bermuda based (re)insurer Alea Group has published a mid-year trading statement in which it reaffirms its positive outlook for 2004.
  • Chinese insurer Ping An Insurance reported a 2 percent drop in its half-year profits with a rise in premium offset by a decline in its investment income as the company warned of possible further credit crunch-related losses.
  • French giant AXA announced on 14 June that it has entered into a definitive agreement with Credit Suisse Group to buy the Zurich-based company's insurance operation Winterthur for SFr12.3bn, or EUR7.9bn in cash.