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  • US giant Travelers' Lloyd's operation is set to become the latest managing agency to establish a Singapore presence through the Lloyd's Asia platform.
  • Xchanging will announce tomorrow it has signed a Memorandum of Understanding (MOU) to partner RI3K in building an end-to-end processing platform for Bermuda’s (re)insurance market, Insider Week can reveal.
  • A two year extension to the Terrorism Risk Insurance Act (TRIA) moved a step closer on Saturday (17 December) after Congress approved legislation, leaving President George Bush to sign the bill into law.
  • Insurers exposed to the myriad of US shareholder class action suits were encouraged by New York courts last week who rejected four lawsuits against Wall Street banks and the dot.com companies they helped IPO in the heady days of the late nineties.
  • As American International Group (AIG) continues to move through the phases of last month's revamped rescue package, CEO Ed Liddy said he will reopen negotiations with the US government to improve terms of the deal...
  • Marsh UK is in the process of scrapping its final salary pension scheme for its staff and ceasing supplementary benefits for all but the highest earners, The Insurance Insider can reveal. The move is the broker’s latest cost-cutting exercise as its...
  • American International Group (AIG), which received $182.5bn from the federal government's $700bn Troubled Asset Relief Program (TARP), has missed three dividend payments to the Treasury.
  • A major unit in the transfer of Heath Lambert's wholesale division to Cooper Gay will no longer be a part of the proposed sale, The Insurance Insider has learnt.
  • Last Thursday (24 February) saw the launch of Trade Credit Re (TCRe), a new entrant in the trade credit insurance market.
  • Marsh lifts MMC from Putnam mire Marsh & McLennan Companies (MMC), parent of the world's largest broker Marsh, shrugged off the furore surrounding its troubled investment arm Putnam to announce strong operating results for the fourth quarter and year e