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  • Following recent concerns over the renewal of Terrorism Risk Insurance Act (TRIA) legislation that provides a federal backstop for terrorism exposures (see April issue of The Insurance Insider), key industry regulators and representative bodies came out t
  • Broking giant Aon Corporation is in advanced settlement talks with US regulators including New York attorney-general Eliot Spitzer, The Insurance Insider understands. According to sources, Aon Corporation is looking to agree a deal that will sweep up
  • Arch Capital Group has reshuffled its senior management by bringing in its current insurance chief Mark Lyons as CFO to take over from John Hele, who is leaving the Bermudian (re)insurer to fill the same position at MetLife.
  • Broking giant Aon Corp is being sued by a long-term client, Caterpillar Inc on charges of fraud and anti-competitive behaviour.
  • SVB Holdings has appointed Stuart Quinlan to the newly-created post of underwriting development director at its specialist liability subsidiary, Novae Underwriting.
  • Partner Re has appointed Thomas Renggli, the former head of Swiss Re’s insurance marketing, central Europe, as the head of Global Finite Reinsurance.
  • QBE's hugely profitable Syndicate 386 has raised its forecast results for both the 2009 and 2010 years of account.
  • The spectre of long-tail liability losses reared its head again as Markel Corp booked a deterioration in its combined ratio that included six points of unfavourable prior-year reserve development relating to asbestos and environmental (A&E) exposures.
  • Aon Re Global appears to have pulled off a coup with the hiring of Elliot Richardson, currently head of facultative reinsurance at rival Benfield Group, to run its global Fac operation.
  • American International Group's (AIG) share price has fallen a further 30 percent in pre-market trading to below $9 this morning as investors digested the collapse of Lehman Brothers this weekend amid fears that the Federal Reserve may be reluctant to step