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  • There were further developments at failed (re)insurer GoshawK last month as the London Stock Exchange-listed company continued to restructure to run-off, with a number of management changes, the announcement of a possible rights issue...
  • Broking giant Aon has announced that it will be exploring alternatives for its property and casualty underwriting business as it continues to restructure.
  • The South of England P&I protection and indemnity club has been put into liquidation after a bitter court battle with the Bermuda Monetary Authority (BMA) over its solvency and corporate governance.
  • The average combined ratio for US reinsurers deteriorated from 95.4 percent in 2010 to 107.2 percent in 2011 as last year's cat burden took its toll.
  • Jeffrey Greenberg, the chief executive of MMC, has tendered his resignation in response to the crisis which has enveloped his company following allegations of corrupt trading practices by the combative New York attorney-general Eliot Spitzer, Insider Week
  • Following a difficult courtship, SCOR has finally agreed takeover terms with Converium after increasing its offer for its Swiss rival in a SFr3.4bn ($2.8bn) transaction that will create a top five global reinsurer.
  • Former Royal & Sun Alliance (R&SA) US subsidiary, Royal Indemnity, has been ordered to pay defence costs in its increasingly acrimonious asbestos dispute with General Motors (GM).
  • Terra Firma has said that it has no intention of making an offer to acquire Lloyd's insurer Chaucer plc after it was asked to clarify its intentions by the UK Panel on Takeovers and Mergers
  • UK regulator the Financial Services Authority (FSA) has appointed Sally Dewar as new managing director of wholesale.
  • The Navigators Group has announced that it expects it will record a net $31.6mn pre-tax charge on the back of higher than expected asbestos related losses.