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  • Liberty appoints energy manager in London
    London-based (re)insurer Liberty International Underwriters (LIU), a division of US insurer Liberty Mutual Group, has recruited London market veteran Ray Miller as vice president for Marine, Energy and Construction.
    16 July 2007
  • S&P pours OIL on mutual’s troubled waters
    Rating agency Standard & Poor’s (S&P) have removed Bermudian energy mutual Oil Insurance Ltd (OIL) from CreditWatch with negative implications and affirmed its A-counterparty credit and financial strength ratings. The outlook is negative.
    16 July 2007
  • GCFac three win Court of Appeal jurisdiction ruling
    The heads of the GCFac team that defected to rival Integro Ltd in April have won a UK Court of Appeal judgment preventing former employer Guy Carpenter from suing them in New York.
    16 July 2007
  • Sants confirmed as new FSA chief
    UK regulator the Financial Services Authority (FSA) has confirmed Hector Sants as its new chief executive in an internal appointment.
    16 July 2007
  • European insurers seek competitive advantage from ERM, says S&P
    Standard & Poor’s (S&P) has reported that, while Enterprise Risk Management (ERM) programmes for the majority of European insurers are “adequate”, the outlook for ERM is “nevertheless positive”.
    16 July 2007
  • Allianz upgraded to AA by S&P
    Insurance giant Allianz SE and its core operating companies have been upgraded from AA- to AA by Standard & Poor’s (S&P) as a result of “major and sustained” improvements in its operating performance.
    16 July 2007
  • Brit hires technology underwriter
    Listed Lloyd’s (re)insurer Brit Insurance Holdings has hired Ben Maidment as Privacy, Cyber and Technology underwriter for its US PI team, which is headed by Janet Henderson.
    16 July 2007
  • RFIB looks to build with Champion
    Lloyd’s broker RFIB Group Ltd has snapped up Hugh Champion from Heath Lambert Group to drive its expansion in facilities and binding authority business.
    16 July 2007
  • QBE continues expansion with Swiss acquisitions
    QBE Insurance (Europe), subsidiary of Australian (re)insurer QBE Insurance Group Ltd has announced its intention to form QBE Switzerland with the acquisition of two Swiss motor insurance businesses.
    16 July 2007
  • Aon considers accepting supplemental commissions
    Broking giant Aon Corp has said it is in discussions with Chubb Corp over the possibility of accepting supplemental compensation from the US insurer.
    16 July 2007
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