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  • Colemont Global Group, the international arm of US wholesaler Colemont Corporation, announced the acquisition of a majority share in a leading Brazilian aviation broker last week.
  • Former HIH director Dominic Fodera, who is serving a two-year jail term for issuing misleading financial statements, has pleaded guilty to a further criminal charge relating to the collapse of the failed (re)insurer.
  • Lloyd's interim results reflected the strong performance of insurers underwriting in the marketplace as well as warnings of widely softening market conditions.
  • The debate last week over whether to end the "unfair advantage" enjoyed by Bermudians using US affiliates over American-domiciled rivals ended in a "stalemate", according to analysts at Morgan Stanley.
  • Catlin Group Ltd has welcomed AM Best's upgrade of the outlook on the London-listed (re)insurer's A rating from negative to stable.
  • Marsh and McLennan Cos (MMC) effectively ruled out the immediate elevation of executive Phil Moyles as the next leader of its broking business, Marsh Inc, with a reshuffle of its senior executives last week.
  • Markel International, part of the stream of Lloyd's insurers opening a Singapore platform, has confirmed former Marsh Asia executive Peter Phillips will head its new office.
  • Bermuda-headquartered Lloyd’s insurer Hiscox Ltd has begun a share buyback scheme after purchasing 839,699 ordinary shares.
  • A class action bid-rigging suit against a number of commercial insurers and brokers has failed to show the industry players were guilty of fraud under federal racketeering statutes or that they violated federal anti-trust laws...
  • The proposed Schemes for the 14 WFUM Pools Scheme Companies was sanctioned by the UK High Court on 17 September.