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  • CV Starr, the managing agency ultimately controlled by former American International Group chief executive Maurice "Hank" Greenberg, is set to appoint an aviation underwriter who will spear-head the company's London market operations.
  • Aspen Insurance Holdings reported net profits of $84.6mn for the second quarter compared to just $9.1mn in the prior-year period.
  • Independent Insurance's non-core reinsurers were kept in the dark over the true extent of the company's losses, a UK court was told.
  • Last week Lloyd’s confirmed the appointment of Dr Richard Ward, the former head of the London-based International Petroleum Exchange (IPE), as its new chief executive and the person responsible for executing the Corporation’s three-year strategic vision.
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Gen Re's action is the latest in a series of legal scraps over fac reinsurance teams reflecting a recent increased interest in the area from brokers and underwriters looking for new growth opportunities in a softening market.
  • Ratings agency Moody's Investor Services has warned insurers against "diversification for diversification's sake" in a softening market, stating that global market rates are now "past their peak" and "M&A activity can be challenging".
  • The announcement by Aon that its patriarchal chairman and chief executive Pat Ryan will step down may ignite speculation that the firm could undergo a significant overhaul.
  • As predicted by our sister publication Insider Week, Ewen Gilmour, the chief executive of quoted Lloyd’s insurer Chaucer plc, was appointed deputy chairman of Lloyd’s when the Society’s ruling body, the Lloyd’s Council, met earlier this month. Gilmour –
  • A lot can happen in four years but, one way or other, Royal Bank of Scotland will have sold its P&C insurance operations, RBS Insurance (RBSI), by 2013.