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  • Aon Global Insurance Managers, a division of Aon Corporation responsible for captive management, has announced a shake-up of its leadership structure by streamlining its existing set-up into three separate hubs.
  • Tawa subsidiary Hamburger Internationale Re (HIR) has purchased parts of a run-off portfolio from Austrian insurer Oberösterreichische Versicherung (OV), the firm announced on 28 May.
  • The number of Superfund cases filed annually in US district courts decreased by almost 50 percent between 1994 and 2007 - the period for which data is available - according to the US Government Accountability Office (GAO).
  • Specialist broker Berry Palmer & Lyle (BPL) last week launched its new ‘Global Political Violence Insurance’ cover, an initiative it claims will “plug gaps” in terrorism cover for multinational companies.
  • Michel Liès, the Luxembourgian who has led a resurgent Swiss Re since becoming group CEO in January 2012, has said reinsurers must accept volatility not only as a reality but as being at the very heart of the reinsurance offering.
  • Ratings agency Moody's has released its latest forecasts for Lloyd's, indicating that the market could record profits of around £6bn for the 2002 to 2004 years of account, with cumulative returns on capacity equalling profits recorded by Lloyd's between 1
  • The sale of some of Tawa's legacy assets - scheduled to begin in early May - includes the tax assets it acquired through the purchase of Oslo Reinsurance last year, The Insurance Insider can reveal
  • UK (re)insurer Brit Insurance Holdings plc has invested in Norton Re II, a $118.2mn Bermuda-based sidecar-style vehicle launched to replace the original $107.7mn Norton Re which expires this year.
  • The General Insurance Corporation of India is on the slip for the Tupolev Tu-154 passenger aircraft that crashed in north-western Iran last week, killing all 168 on board, The Insurance Insider revealed last week.
  • Clement Booth has joined the management board of Allianz AG where he will be responsible for the UK insurance markets on the board.