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  • UK broker says defections not an issue as it appoints corporate financier to advise on options
  • There was time when marketing to a Lloyd's underwriter often meant a convivial lunch when their clients came to London for their annual visit. The rest of the year syndicates were often content...
  • Bermudian giants ACE Ltd and XL Capital announced catastrophe charges of $88mn and $30mn respectively for the UK, US and Australian floods in their Q2 results.
  • UK broker says defections not an issue as it appoints corporate financier to advise on options
  • UK composites confirm rate rises after heavy flood losses
  • UK (re)insurer Aviva reported heavy losses of £235mn for the UK floods in June, dwarfing those of UK competitor Royal & Sun Alliance, who reported flood losses of £55mn for the second quarter.
  • French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.
  • Guy Carpenter chairman to join Aon; Integro CEO sues MMC over departure; Evans to joins White Mountains Re; Marsh set to take fees from insurers; Flood exclusions stand after Katrina decision...
  • QBE frustrated by Names’ exit expectations; Bedford to head up GCFac UK; Cost cutting continues at R&SA; Goldsmith retires from Towers Perrin; Re-Ex sees first cat option transaction...
  • Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP