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  • Ewen Gilmour, the chief executive of quoted Lloyd’s insurer Chaucer plc, is set to become the next deputy chairman of Lloyd’s when the Society’s ruling body, the Lloyd’s Council, meet later this week.
  • Chaucer chairman Martin Gilbert has written to shareholders telling them that they will receive a detailed circular on the proposed takeover by The Hanover.
  • The Swiss stock exchange is launching a probe into giant reinsurer Swiss Re after comments made by chairman Jacques Aigrain in an interview with the Financial Times (FT). SWX Swiss Exchange reported that it had launched a...
  • Shareholder proxy firm ISS is once again wielding its power by advising stockholders in Tower Group to vote against the US insurer's executive compensation plan at its upcoming 3 May annual meeting.
  • Bermudian reinsurer, Paris Re has appointed underwriters as it prepares an initial public offering (IPO) later this year which could value the firm at $2-3bn, just one year after it was bought out from AXA SA.
  • Marsh & McLennan (MMC) is holding to its commitment to return funds to shareholders when it announced on 24 August that it would buy $800mn of its shares from a "financial institution".
  • US insurer CV Starr & Co Inc has launched a Lloyd’s energy syndicate with £30mn 2008 capacity in partnership with private equity firm First Reserve Corporation.
  • Former American International Group (AIG) supremo Maurice "Hank" Greenberg has countersued his former employer for the second time in as many weeks in an attempt to recover profits...
  • Subsidiaries of SCOR owned Commercial Risk Partners (CRP) were dealt a downgrade by ratings agency AM Best last Wednesday over capitalisation fears.
  • Reinsurance brokers are often wont to compare themselves to investment bankers and, in London this year, they have been performing one of the favoured banking traits of financiers - transferring from one employer to another. In particular, it seems the