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  • Broking giant Aon Corp has said it is in discussions with Chubb Corp over the possibility of accepting supplemental compensation from the US insurer.
  • US insurer Farmers Insurance Exchange has acquired the right to issue $500mn of regulatory capital if it suffers a severe US natural catastrophe loss in the next five years in a pioneering transaction first reported by The Insurance Insider last week.
  • Rod Fox, CEO of US specialty insurance company Praetorian has parted company with Australian (re)insurer QBE Insurance Group, little more than one month after its’ acquisition by QBE, Insider Week can confirm.
  • UK regulator the Financial Services Authority (FSA) has confirmed Hector Sants as its new chief executive in an internal appointment.
  • Defying the old adage that "good years get better, and bad years get worse" is Syndicate 839, the former Trenwick Lloyd's operation which managed to post a £12mn profit last year on its 2001 and prior years.
  • Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP
  • The reinsurance-to-close (RITC) of the Duncanson & Holt Syndicate 55 open years is the first third-party RITC this year – and the first to take place under Lloyd’s new rules designed to create greater flexibility in the process.
  • Capita CMGL is to complete the reinsurance-to-close (RITC) transfer of the run-off Duncanson & Holt Syndicate 55 with capital supplied by CarVal Investors LLC, a fund backed by the agribusiness giant Cargill.
  • "Class of 2005" insurer Lancashire Holdings Ltd bought an option last month to issue up to $49mn of equity any time throughout this year’s hurricane season.
  • The alleged poaching dispute between Gen Re and Arch took a new turn last month when the temporary restraining order granted against Arch Capital and four former Gen Re executives in May was lifted and replaced...