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  • Lloyd's own run-off arm Centrewrite has joined the queue of capacity prepared to offer reinsurance-to-close (RITC) quotes for "open year" syndicates.
  • Global insurer Axa reported a 24 percent year-on-year drop in net income to EUR2.7bn for 2010, due to a one-off EUR1.6bn loss on the sale of its UK life business
  • Allianz Plc, the Irish subsidiary of global insurance giant Allianz, has had its financial strength rating downgraded to A- from A by S&P to reflect the corresponding downgrade for Ireland's sovereign debt.
  • XL Insurance has promoted Bob Shine to head the underwriting of its North America property and casualty (P&C) business.
  • Chinese insurer Ping An Insurance Co has revealed plans to raise up to $22bn in a public offering in order to fund mergers and acquisitions.
  • Private equity firm General Atlantic is to sell another 15.23 million shares, or 7 percent of the issued share capital, in London market back office service provider Xchanging plc.
  • Steve Hearn, currently the CEO of Willis' Faber & Dumas wholesale operation, is to become global CEO of the global broker's reinsurance brokerage Willis Re, The Insurance Insider has learned.
  • Insurance brokerage Arthur J Gallagher has announced the acquisition of Lloyd’s broker Connor Hale Kerslake.
  • XL Insurance, the global insurance operation of XL Capital has completed the purchase of Global Asset Protection Services (GAPS) from Swiss Re.
  • CIGNA & Lincoln National take charges after arbitration ruling hits pool members The long awaited outcome of the arbitration between Unicover pool participants and their retrocessionaires ended on the 9 October 2002 with a settlement in favour of the