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  • US insurer State Farm placed what is believed to be the largest ever cat programme...
  • 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.
  • 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.
  • Lloyd's specialist broker Thompson Heath & Bond (THB) Group has recruited a new wholesale broking team from Heath Lambert Group.
  • It was only recently that a US judge was bemoaning the lack of case law on reinsurance broking commissions and then along comes Benfield Group suing rival Aon Re for $2.4m in damages...
  • Aon Corp's brokerage revenues have outstripped those of its largest rival, Marsh & McLennan, which nevertheless remains at the top of the list of the world’s largest insurance brokers worldwide, thanks to its non-broking units.
  • Lloyd's is understood to have taken a sizeable hit on its Central Fund dispute last month after settling with Benfield Group and Aon Ltd, but will be relieved the long-running dispute is over.
  • Andrew Carrier, active underwriter of Kiln Ltd’s catastrophe Syndicate 557 and the reinsurance division of its Syndicate 510, has quit the Lloyd’s insurer.
  • Directors and related parties of a number of London market companies bought shares in the lead-up to the closed trading period ahead of interim results, despite the fall in specialty insurance stocks in June.
  • Despite recently announced capital management plans, investors are continuing to undervalue the UK non-life insurance sector, according to analysts at Numis Securities.