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  • Private equity giant 3i Group plc has hired a team led by Bruce Carnegie-Brown, the former Marsh executive who left the firm suddenly in May this year.
  • The Lloyd's insurers of the directors' and officers' (D&O) policy held by the disgraced Allen Stanford have been compelled to acknowledge coverage.
  • Analysts at Morgan Stanley have highlighted concerns that (re)insurers have under-estimated their losses from 2005’s unprecedented hurricane season. In a research note released on 13 October, Morgan Stanley analyst William Wilt observed that...
  • The UK Court of Appeal sent a sigh of relief among London market insurers last week after over-turning last year’s controversial GoshawK vs Tyser decision which ruled brokers were not obliged to produce documents previously shown to underwriters.
  • 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".
  • US insurer HCC Insurance Holdings reported a significant rise in first quarter net profit of 37 percent to $78.6mn, compared to $57.3mn in the prior-year period.
  • Crystal ball-gazers of broker M&A activity have long predicted that Joe Plumeri has at least one major deal in him before he steps down at Willis Group and it could prove to be a spectacular one.
  • Atrium Underwriting plc has increased the loss estimates from Hurricane Katrina on its two syndicates from £42.7mn to £52.7mn. The majority of the increase occurred on Syndicate 609 which climbed from £32.8mn to £42.6mn.
  • The Serious Fraud Office (SFO) has launched a preliminary inquiry into the UK operations of American International Group’s Financial Products Corp (AIGFP).
  • Oil Insurance Ltd has announced that nine of its shareholder members would be departing from the energy mutual at the end of the year.