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  • Broker Willis Group Holdings reported net income of $78mn, or $0.54 per share, 8 percent up on the prior-year period in what was described as “another strong quarter” for the firm as it announced its interim results yesterday (1 August).
  • AIG UK has appointed Tom Colraine to the new role of chief operating officer, reporting to CEO Lex Baugh.
  • After a busy month spent selling off a number of its overseas assets to rival insurers, attention is now likely to turn to the UK operations of the troubled French insurer Groupama.
  • Just as Lloyd’s relinquishes its regulatory reigns over the market’s producers, it jointly proposes a radical shake up of the London market’s business standards with the IUA and LIBC. Although the measures have generated heated debate, the principles b
  • Travelers' CEO Jay Fishman received the highest salary of any US insurance executive last year, according to data for a group of specialty (re)insurers tracked by The Insurance Insider...
  • Shares in UK brokerage Jardine Lloyd Thompson (JLT) hit a three-year low last week on fears that the company’s profits would be hit by weaker than expected reinsurance volumes.
  • Standard & Poor's (S&P) has offered a vote of confidence to Hannover Re CEO Ulrich Wallin as he moves towards the end of his first year in the job by removing the company from negative watch.
  • The expansive Japanese insurer Tokio Marine & Nichido Fire Insurance Co's acquisition of non-life insurer Philadelphia Consolidated Holding Corp (PCHC) will help the company to strengthen its overseas property and casualty (P&C) businesses...
  • UK legal reformers have released a consultation on changing business policyholders' disclosure requirements to bolster their rights and to amend warranty law
  • Closing prices for 2008 US cat windstorm losses leapt nearly six percent yesterday on the derivatives platform Insurance Futures Exchange Services (IFEX) signalling that traders think there is a greater chance of a major windstorm loss next year.