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  • Rod Fox, CEO of reinsurance broker Benfield’s US division, has been “granted a leave of absence for personal reasons”, according to a London Stock Exchange announcement last week.
  • The board of Transatlantic Re has been given until Wednesday (2 November) morning to accept an offer from Validus or face the resumption of hostilities, The Insurance Insider understands.
  • Hank Greenberg, the former chief executive of American International Group Inc (AIG) wrote a letter to the group's current head, Robert Willumstad, reflecting his frustration at the firm's repeated refusal to accept offers of help.
  • The extent of sub-prime related hits at American International Group (AIG) continues to emerge with the US insurance giant to absorb $5bn in losses in its securities-lending operations.
  • American International Group (AIG) is to turn over internal documents to Maurice “Hank” Greenberg after a judge ruled in favour of the US giant’s former chairman and CEO.
  • The impact of heavy 2011 catastrophe losses is clear to see in the statutory results of US reinsurers, which reveal an aggregate underwriting loss of $2.17bn for the sector for the first nine months of the year, according to data compiled by the Reinsurance Association of America (RAA).
  • The head of specialist reinsurance broker RK Carvill & Co Ltd's New York office has left the company, The Insurance Insider can reveal.
  • The European insurance and reinsurance federation (CEA) has elected Sergio Balbinot to serve as president at its general Assembly in Athens yesterday (15 June)
  • St Paul Travelers' Lloyd's underwriter Jon Woodrow has been appointed head of its Syndicate 5000’s aviation team.
  • Swiss insurer Zurich Financial Services (ZFS) has released its preliminary estimates of losses resulting from the recent flooding in Switzerland, southern Germany and Austria.