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  • Reinsurance broker Guy Carpenter & Co has announced that it has changed the name of MMC Securities to GC Securities and has expanded its investment banking capabilities in Europe.
  • US insurance giant The Chubb Corporation has received approval from the Chinese authorities to turn its Federal Insurance Company from a Shanghai branch to a wholly owned insurance subsidiary.
  • Major UK retail bank Lloyds TSB Group plc has been sued in the US for allegedly violating federal anti-money laundering provisions, a case which could be brought as a claim against its Directors and Officers (D&O) insurance policy, placed in the London ma
  • French reinsurer SCOR has reaffirmed reporting lines and made a flurry of fresh appointments to its non-life and life segments.
  • Yorkshire-based consolidator Broker Network Group has received a takeover approach which "may or may not lead to an offer being made for the company", according to a recent London Stock Exchange announcement.
  • Broking giant Aon Corp is being sued by a long-term client, Caterpillar Inc on charges of fraud and anti-competitive behaviour.
  • The third annual Rendez-Vous of the Association of Insurance and Reinsurance Run-Off Companies' (AIRROC) last week proved a perfect time to look back at how a number of recent transactions have benefited the sector.
  • Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd - a new unit that aims to improve capital efficiency for (re)insurers by shifting exposures to the capital markets.
  • After decades of lobbying from the international (re)insurance community, one US state is spearheading new regulation that would remove collateral requirements for the highest rated foreign and non-New York reinsurers.
  • UK (re)insurance giant Royal & Sun Alliance (R&SA) has announced that it is to acquire Canadian property casualty insurer Canadian Northern Shield Insurance Company (CNS), in a C$75mn (£37mn) cash deal.