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  • Alongside diversification, the leading rating agencies were intent on raising the profile of Enterprise Risk Management (ERM) for (re)insurers at the 2006 Monte Carlo Rendez-Vous last week.
  • With the 2006 Monte Carlo Rendez-Vous offering relatively benign conditions for networking and negotiations after the travails of 2004 and 2005, discourse last week focussed on the underlying issues facing the industry in a two-paced market.
  • UK-listed broker Jardine Lloyd Thompson Group plc (JLT) has parted company with John Hastings-Bass, the chairman of its international retail broking operations.
  • HSBC Insurance Brokers announced last week that it has set up a new US wholesale broker and managing general agency, which will trade as Intermediary Solutions, in New York.
  • Lloyd’s broker RFIB Group announced two new appointments on 11 September as it continues to expand its non-marine division internationally.
  • US insurers have received a second boost from the courts as they battle the “wind versus water” claims related to Hurricane Katrina.
  • Aon Corp became the last of the big three brokers to announce that US insurance regulators have eased restrictions on them charging contingent commissions, or Placement Service Agreements (PSAs) on 8 September.
  • London-based broking proposition Oxygen Holdings plc launched its reinsurance arm, Oxygen Re, last week. Oxygen Re will cater for all types of non-marine, marine and aviation treaty reinsurance and retrocession covers on a
  • Giant reinsurer Swiss Re revealed last Friday (15 September) that it is looking for potential buyers for its iconic London office building the Swiss Re Tower - better known as the Gherkin.
  • UK general insurer Royal & SunAlliance (RSA) announced that its Danish subsidiary Codan acquired two Norwegian insurers on 12 September.