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  • US insurer Allstate has announced the timetable for the appointment of Thomas Wilson, who succeeds Edward Liddy as its CEO at the end of the year.
  • US insurer St Paul Travelers Companies last week (21 September) made its second public denial this year that it had plans to merge with Swiss giant Zurich Financial Services.
  • Rating agency Standard & Poor’s (S&P) downgraded the ratings on 11 hurricane-linked cat bonds last week (20 September).
  • AIM-listed Heritage Underwriting Agency plc’s premium income has almost doubled in the first half of 2006 as the company revealed in its interim results last week (21 September) that it is enjoying the best underwriting conditions since it was formed.
  • Swiss reinsurer Glacier Re announced on 22 September that it has appointed María Arana Antelo as energy underwriter.
  • Marsh & McLennan Inc (MMC) revealed last week (19 September) that it is mulling the sale of its Putnam Investments subsidiary.
  • Catlin Group Ltd looks set to become one of the first Lloyd’s (re)insurers to issue a catastrophe bond as the industry’s interest in securitising reinsurance risk continues at a pace, Insider Week can reveal.
  • Process reform in the London Market took a major step forward last week (19 September) with the launch of a repository for Electronic Claims Files (ECF).
  • Reinsurance giant Munich Re announced last week (20 September) the launch of a new IT infrastructure to support its international reinsurance business.
  • First half pre-tax profits at quoted Lloyd’s insurer Hardy Underwriting Group plc slipped to £6.1mn from £7.7mn in the prior-year period, the company announced last week (20 September).