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  • Ratings agencies have responded positively to Converium’s $295mn sale of its US operations to National Indemnity on 17 October.
  • Rating agency Fitch last week provided an update to its unsolicited Q-IFS ratings for German insurers that sparked controversy ahead of their launch last year.
  • The London market’s pool of (re)insurance talent is unmatched anywhere in the world according to Jacques Aigrain, CEO of Swiss Re.
  • Few of the 34,000 Lloyd’s Names who reinsured themselves into Equitas in 1996 probably thought it would happen, but it is now possible they will receive a small windfall following Friday’s (20 October) transaction with Berkshire Hathaway.
  • Chaucer Insurance Holdings plc is in talks to launch a new Lloyd’s syndicate with the former QBE Limit underwriter, Mark Harrington.
  • US-headquartered Arthur J Gallagher & Co announced last week (19 October) that Patrick Gallagher Jr will add the post of chairman of the board to his current responsibilities as president and CEO of the broker.
  • Novae Group plc’s Lloyd’s platform today announced it will merge its Syndicates 1007 and 2147 for the 2007 year of account.
  • The UK run-off company Axiom Consulting has put itself up for sale, our sister title The Insurance Insider revealed last week (19 October).
  • The first senior Lloyd’s executive to leave under the new regime of Richard Ward is Steve Quiddington, the Corporation’s former director of Operations.
  • Colemont Insurance Brokers Ltd - the recently formed London arm of US wholesaler Colemont Corporation – announced on 17 October that it had appointed Andrew Hinds as managing director of its treaty reinsurance division.