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  • Wellington’s hull underwriter Peter McIntosh has replaced William Beveridge as the chairman of the marine London market body, the Joint Hull Committee.
  • Liberty Mutual Group fell to a $111mn net loss for the third quarter as cat losses and an asbestos charge hit the bottom line.
  • Talbot Underwriting, the private equity backed Lloyd’s insurer, has continued to bolster its management team by announcing last week that XL’s London Market managing director Gilles Bonvarlet will join the group later this year as chief operating officer.
  • WR Berkley has hired an American International Group (AIG) financial institutions duo, The Insurance Insider understands.
  • Last week's management reshuffle has seen Andrew Marcell - previously Guy Carpenter's head of American operations - unveiled to run the firm's global facultative and speciality business from London.
  • Dewey & LeBoeuf has finally filed for Chapter 11 bankruptcy in New York and placed its separate UK-incorporated entity into administration.
  • Run-off specialist Enstar has completed the acquisition of failed (re)insurer GoshawK Insurance Holdings plc after securing ownership or offer acceptances for 89.4 percent of its issued shares.
  • Following the impact of 2005’s devastating hurricane season, Lloyd’s insurers are preparing to take advantage of expected rate rises next year, according to announcements made on 12 October. Kiln, which has already pre-empted its 2006 capacity to...
  • Despite revelations that Trenwick Managing Agency (TMA) is confident of securing financing to prevent Syndicate 839 sliding into run-off, the rating agency Moody's has downgraded its performance rating on TMA’s $500mn capacity syndicate to C (below averag
  • Lexington Insurance Company, part of American International Group (AIG), has launched a new Casualty Mid Excess unit in London with capacity of $50mn.