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  • Admiral sets course for float Despite the gloomy forecasts for UK motor rates, the private equity backed Admiral Group will float on the London Stock Exchange later this month valued at between £634mn and £776mn.
  • Bermudian (re)insurer ACE Limited has completed the redomestication of its holding company from the Cayman Islands to Zurich after receiving shareholder approval.
  • Hiscox Bermuda CEO and chief underwriting officer Robert Childs is to return to London and be replaced by Imagine Group Holdings Ltd's head of underwriting, Robert Forness.
  • Germany’s Hannover Re followed up solid half year figures with a “highly gratifying” third quarter result as it reported operating profit for the year to date 41 percent higher than at the same stage last year and upped year end profit forecasts from EUR3
  • Willis Group Chairman and CEO Joe Plumeri and Willis Global chairman and CEO Steve Hearn have begun a series of 'town hall' meetings with the firm's London-based staff as they unveil a major restructuring of the broker's global operations.
  • Lloyd’s has strengthened its ties in the fast growing Asian markets with the launch of a Malaysian subsidiary.
  • US insurer and Omega suitor Delphi Financial Group reported first quarter operating earnings of $51.5mn, up 11 percent year-on-year
  • The last month has seen several developments in the protracted and increasingly acrimonious divorce proceedings between American International Group (AIG) and the company's former chief executive Maurice “Hank” Greenberg.
  • Reborn Bermudian Rosemont Re mapped out its progress to date at its annual general meeting last Thursday (10 June), outlining April renewals and plans for the future as it looks to put the past of troubled parent GoshawK Insurance Holdings to rest.
  • Sagicor Group of Companies has announced that group net profits increased by around $9mn compared with the prior-year period after profiting from the Lloyd's platform it acquired in September 2007.