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  • Troubled insurance giant American International Group announced on 25 November that it had completed a $40bn preferred stock sale to the US Department of Treasury...
  • Hannover Re's net profits rose by more than a fifth to EUR151.5mn in the first quarter, according to the reinsurer's interim report.
  • Back office service provider Xchanging and market information and analysis firm Advisen Ltd are teaming up to launch an ACORD messaging hub for the London Market.
  • The former CEO of Guy Carpenter, David Spiller, has been appointed chairman of Lloyd's insurer Heritage Managing Agency plc.
  • Syndicate 1880, the Kiln-managed syndicate used by Tokio Marine for intra-group reinsurance, has incurred a loss of $840mn after it was hit by $731mn of claims originating from the parent company's Sri Muang joint venture in Thailand.
  • Bermudian reinsurer RenaissanceRe has elected Henry Klehm III to its board of directors - bringing the total on the board to 11 of which nine are independent.
  • Groupama has appointed a new leadership team to replace deposed CEO Jean Azéma
  • The weight of over $2bn in two major fourth quarter charges sent American International Group’s (AIG) net income plummeting by 72 percent, it reported on 16 March. AIG reported net income of $444mn for the quarter after it settled with regulators for..
  • A trend gathering pace? Benfield Group has become the latest broker to recruit from a reinsurer with the appointment of former Swiss Re chief Patrick Murphy-O’Connor to its management team.
  • As UK insurer Royal & Sun Alliance (R&SA) continues the hunt for a solution for its discontinued operations in the US, it revealed last week that it also plans to sell part of its ongoing business with the divestment of its non-standard auto unit.