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  • The former chief executive of Heath Lambert Group David Margrett has made a discrete return to the market in a business development role with world's third largest broker Willis as part of a reshuffle following the recent announcement of veteran Willis Re
  • Insurance linked securities (ILS) pioneer and prolific cat bond issuer Swiss Re is expected to return to the capital markets shortly with $660mn of notes in two new cat bond transactions.
  • Global reinsurer Transatlantic Re has announced that it is estimating net losses of $240mn from the Japanese earthquake and tsunami last month
  • Nigel Barton's greenfield insurance intermediary Oxygen Insurance Brokers has signed up its first heavyweight London market broking teams.
  • Bermuda-headquartered London listed insurer Catlin last week (11 March) announced record premium and profit figures for 2004, despite the year’s record hurricane losses. The company booked gross premiums of $1.43bn, a 20 percent increase on 2003’s $1.2
  • Allied World has bought a substantial minority stake in private equity firm and hedge fund MatlinPatterson and pledged to invest $500mn through its funds, according to reports
  • Reinsurance specialist broker, JK Buckenham Ltd (JKB) has announced the creation of JKB USA, which has been formed in partnership with US broker Performance Insurance Services.
  • Lawrence Hamermesh, a law professor appointed by the Delaware insurance commissioner to examine whether the state should approve Royal & Sun Alliance’s (R&SA) plans to spin-off its run-off US subsidiary...
  • American International Group (AIG) has turned to another former head of a US insurance giant to chart the troubled waters after last September's government bailout, with the appointment of Robert Benmosche as its new CEO.
  • Liability start-up Illium announced last week that it had received Lloyd’s approval for its Syndicate 4040 to begin underwriting from 1 January 2004 with significant backing from US insurer HCC Insurance Holdings secured.