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  • German firm is third major European reinsurer to be downgraded below A- in recent years
  • Aon Holdings BV completed the acquisition of the remaining 51 percent of the shares of Moscow-based Aon Rus LLC this month.
  • Paul Milton, the chairman of Aon Professional Risks (APR), retired from the broking giant last month.
  • Goldman Sachs Asset Management (GSAM) is set to launch Steamboat Re, a Class III Bermudian incorporated reinsurer, The Insurance Insider can reveal.
  • German reinsurer Hannover Re will listen to offers for its run-off programme business Clarendon following the sale last month of its US subsidiary Praetorian Financial Group to Australia’s QBE Insurance Group Ltd.
  • Catlin Group estimated annual cost savings of $70mn from its £600mn+ acquisition of Wellington Group – with a proportion coming from job savings – so it was inevitable there would be some losses.
  • In the search for growth, Australia’s insurers have been involved in a series of mergers and acquisitions in the last six months epitomised by QBE Insurance Group’s double strike for Hannover Re’s Praetorian Group...
  • Pre-emptions and start-ups allow market to write £18bn gross premiums in 2007
  • Markel calls for greater Franchise powers; Beazley increases capacity with Santam acquisition; Amlin Bermuda’s business increases; Aviva grows Moss; MAP launches sidecar syndicate; Lloyd’s Central Fund trial set for January 2008
  • The fate of UK insurer Royal & Sun Alliance Group plc’s (R&SA) attempt to cut itself free from its US run-off business will be decided at a public hearing later this month.