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  • Lockton International, the ambitious arm of US broker Lockton Inc, has appointed former JLT exec Tony Hardy as managing director, Global Casualty, to build its business in the North American, European and wider international markets.
  • Bermudian reinsurer Arch Re has become the latest entrant into the burgeoning facultative reinsurance sector.
  • German reinsurance giant Munich Re is approaching the capital markets for the second time in a month, with a EUR150mn European windstorm cat bond, Queen Street, our sister publication Trading Risk revealed.
  • The key European Parliament vote on Omnibus II has been pushed back again by a month from October to 20 November.
  • “Volatile” US liability reinsurance drags down Lloyd’s insurer’s financial performance Losses at the discontinued liability reinsurance, healthcare and third-party liability units of specialist insurance group SVB Holdings are continuing to hit operati
  • The impact of recessionary claims is feeding through to the combined ratios of (re)insurers, second quarter earnings releases revealed.
  • No criminal charges will be filed against the senior executives that ran AIG Financial Products (AIG FP) into the ground and racked up tens of billions of losses, it has emerged.
  • UK-listed specialist insurance investor Tawa has announced the promotion of Richard Lawson to CEO of its Pro Insurance Solutions UK consulting and outsourcing subsidiary
  • UK insurance brokers are in danger of missing the FSA deadline for increased regulatory compliance, Alexander Forbes and consultants IFA Mentor have warned.
  • Amlin-backed dedicated ILS investor Leadenhall Capital Partners has launched two $50mn Irish-based funds.