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  • Steve McGill, the former chief executive of Jardine Lloyd Thompson Group plc, has left his short consultancy role at Benfield Group to join Aon Corp.
  • Shares in UK quoted GoshawK collapsed more than 40 percent last week to close at 5p as the company explained it is no longer able to get access to funds in its Bermudian reinsurance arm Rosemont Re – which became the first industry casualty of this year’s
  • A good set of first-half year results for Hardy Underwriting Group was boosted by IFRS accounting rules which improved income by £1mn. The insurer released its interim results for the six months up to 30 June 2005 on 22 September and saw...
  • Aon Re Global Fac is to launch a dedicated residual value insurance division.
  • Laptop asks whether Names are still able to write a spread book at Lloyd’s and (again) calls for improved methods of business classification The opportunity for Bespoke Names to minimise their risk through a properly spread book has shrunk to worrying
  • First half earnings at insurance giant Zurich Financial Services (ZFS) rose by a third to $2.7bn despite the firm suffering a 3.9 percent deterioration in its combined ratio in the second quarter due to UK flood losses.
  • Sphere Drake’s 8 July victory in the UK High Court over exposures to workers’ compensation carve-out reinsurance has forced the Lloyd’s broker Stirling Cooke Brown Insurance Brokers Ltd into administration.
  • In a report last week, Hartford Investment Management Company – a subsidiary of US insurer The Hartford Financial Services Group – counselled against complacency over inflation.
  • JC Flowers-backed Bermudian run-off acquirer Enstar Group has agreed to buy back $56mn in shares from three of its directors, including CEO and Chairman Dominic Silvester in order to maintain its tax status in the US.
  • Marsh & McLennan Companies, Inc (MMC) will use part of the $3.9bn proceeds from the sale of asset management arm Putnam Investments for acquisitions, according to president and CEO Michael Cherkasky.