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  • Liability veteran, Bob Wallace, has parted company with the Imagine Group, after just a year as chairman of the group’s combined Lloyd’s operation.
  • Cayman Islands-based reinsurer Greenlight Capital Re revealed its losses more than halved in the first quarter compared to the same period last year.
  • Rapprochement for AIG and Greenberg; Sullivan nets $47mn pay-off; Marsh receives Qatari licence; Enstar shares fall; Paris Re RISC ratings affirmed; AWAC deal could net Darwin chief $9mn; Ariel Re appoints new chairman
  • The decision by Marsh Ltd's chief executive Bruce Carnegie-Brown to commission an independent report into its activities proved to be inspired. At an apparent cost of £2mn, Marsh Ltd received "cleared of wrongdoing" headlines in all the UK newspapers read
  • Reinsurance capital continued to recover in the third quarter but still lags behind the level it started the year with as a result of the heavy toll of cat losses and lacklustre investment returns.
  • Endurance Specialty Holdings weathered the impact of US cat losses to book a $41.1mn Q2 net profit, compared to $58.6mn in the prior-year period.
  • Bermudian reinsurer White Mountains Re said its net written premiums were down for the final quarter of last year, and flat for the year, as improving rates for catastrophe exposed lines off-set falling markets elsewhere.
  • SCOR has had its Insurer Financial Strength (IFS) rating upgraded a notch to A by Fitch Ratings as the agency said the French reinsurer's past legacies are unlikely to return to haunt it.
  • The solvent scheme of arrangement for Australian insurer Suncorp Metway Insurance Company is unlikely to proceed after gaining insufficient support.
  • Ex-Faraday CEO Nigel Barton and former Xchanging In-sure Services MD John Benjamin have announced the formation of a new brokerage for the London market. The new company, named Oxygen, will place specialty risks such as yacht cover, employers' liabilit