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  • Steering Marsh and McLennan Companies (MMC) through the difficult post-Spitzer years has led to rich rewards for the company's president and chief executive Michael Cherkasky, who received total compensation valued at $8.65mn last year.
  • Hannover Re is planning growth in US property catastrophe business as it builds on record 2006 profits and redeploys capital freed up by the $800mn sale of its Praetorian subsidiary to QBE Insurance Group Ltd.
  • QBE Limit and Markel are set for a November High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) over allegations of fraud in connection with construction bonds it issued as a coverholder.
  • Following Fitch Ratings' move to upgrade its insurance financial rating on Lloyd's to A+ as the first phase of the Equitas deal closed, industry-watchers will be waiting to see if rival Standard & Poor’s (S&P) follows suit.
  • Last month's SelectCat launch by Guy Carpenter was the latest in a line of index-based offerings to hit the market as brokers look to create alternative capacity for property catastrophe reinsurance risk.
  • As the exodus of Lloyd's insurers to Bermuda has gathered pace, anecdotal evidence continues to suggest interest from Bermudians in making the opposite journey across the Atlantic.
  • If, as expected, its proposed reverse merger deal with Argonaut Group successfully concludes this summer, Bermudian reinsurer PXRE will have completed a remarkable turnaround.
  • An opening ceremony, hosted by the Lloyd's chairman Lord Levene, will be held in Shanghai on 16 April to launch the Society's new Chinese onshore reinsurance operation.
  • In 2003, when Rolf Tolle joined Lloyd's as its first Franchise Performance director, the market was still in remission following the devastation of the World Trade Center losses and the enervating casualty losses of the late nineties.
  • Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP