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  • The Hartford Financial Services Group has moved to bolster its depleted senior management resources with the promotion of Juan Andrade to head up its property casualty operations.
  • The re-election of George Bush in this month's presidential elections will give added impetus to efforts to extend the Terrorism Risk Insurance Act (TRIA) in 2005, according to Charles Landgraf, a leading lobbyist for TRIA extension with law firm LeBoeuf,
  • Munich Re beat its increased profit projections for 2007 as it booked a consolidated result of EUR3.9bn for the year, up 11.9 percent on 2006.
  • Legacy UK (re)insurer Scottish Lion has applied to the Scottish Court of Session to sanction its proposed solvent scheme of arrangement after receiving "overwhelming support" from its creditors for the proposal...
  • US insurance broker AJ Gallagher said last week that it will take a $5mn-$10mn fourth quarter charge following a $36.9mn deal to settle a class-action lawsuit over contingent commissions.
  • Expansive US and international broker Arthur J Gallagher has announced the acquisition of retail broker Capital Bauer Insurance Agency.
  • Supplementary benefits withdrawn for all but highest earners. 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, our sister title Insider Week...
  • Fitch, the ratings agency, has removed Lloyd's from Ratings Watch and has affirmed its financial strength rating as A-. Lloyd's was double downgraded by Fitch on 21 September 2001 from A+ following uncertainties over “Lloyd's poor earnings performance in
  • Post-9/11 start-up Endurance officially opened the new offices of its FSA licensed London subsidiary on Friday morning (12 September).
  • The Hartford Financial Services Group has moved to bolster its depleted senior management resources with the promotion of Juan Andrade to head up its property casualty operations.