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  • BMS, the independent London market broker, has confirmed the resignation of its chief executive, John Spencer.
  • Broker Glencairn has today opened a new South African office in Johannesburg and launched a new company providing a broking service to Southern African clients. The move follows Glencairn’s 2003 management buy-out from Glenrand MIB group, since...
  • International direct and facultative writers face mounting contingent business inter-ruption (CBI) claims stemming from major supply-chain disruption for global companies such as Sony Ericsson, with excess layers reinsured outside of Japan.
  • Normal.dotm 0 0 1 35 201 Insider Publishing 1 1 246
  • Hyperion Insurance Group Ltd has announced that its 2007 operating profit increased by 10 percent to £6.5mn, compared to £5.9mn in 2006.
  • The High Court refused applications by a group of aggrieved former Lloyd’s Names to bring actions of “misfeasance in public office” against Lloyd’s, last week.
  • Xchanging has priced its proposed initial public offering (IPO) at 210 to 240 pence a share, effectively valuing the company at £500mn at the mid-point price.
  • An improved performance in the property and casualty division fuelled a 16 percent rise in net income at Swiss Re, when it announced its half-year profits of SFr1.6bn on 4 August.
  • Ratings agency Standard & Poor's (S&P) has downgraded the rating on Alea Group to BBB from BBB+ today (6 December), and changed its outlook on the company from negative to stable.
  • Bermudian reinsurers Everest Re and PartnerRe both reported third quarter results comfortably ahead of analysts’ estimates after benefiting from this year’s low US catastrophe losses.