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  • There were few surprises as Marsh & McLennan Companies, Inc (MMC) released a steady set of third quarter last Wednesday (1 November), with consolidated revenues up four percent to $2.9bn on the prior-year period.
  • Wellington are planning a 50 percent increase in capacity after agreeing terms for quota share reinsurance and a new parallel syndicate.
  • Benfield is likely to report lower than expected results because of the weak US dollar, according to the broker's latest trading update.
  • UK listed broker Jardine Lloyd Thompson Group plc (JLT) has ended its year-long search for a new group chief executive with the internal appointment of chief operating officer Dominic Burke to the position. Burke trumped colleague Mike Hammond, the...
  • Heath Lambert's drive to divest itself of its wholesale business units to focus on UK retail was finally realised last week when the intermediary sold its Global Business Solutions (GBS) unit to Arthur J Gallagher International Ltd.
  • Lloyd’s insurer Kiln has announced increased capacity for 2005 and stable or improving forecasts for open years for all four of its managed syndicates.
  • Lloyd’s investment vehicle Hampden Underwriting plc (HUP) has closed its subscription offer on the London Stock Exchange’s Alternative Investment Market (AIM) after raising £7.4mn.
  • The brutal winter storms that struck the US at the start of February will produce insured losses of between $790mn and $1.4bn, reports catastrophe modelling firm AIR Worldwide.
  • A $115mn settlement in the litigation brought by New Orleans Teachers' Retirement System against four former AIG chief executives and CV Starr & co has been preliminarily approved by Delaware Chancery Court.
  • Brit Insurance Holdings has delisted from the London Stock Exchange, effective as of 8:00 am in London this morning (7 April), effectively closing a final chapter on the firm's protracted acquisition by the Apollo and CVC-backed Achilles bid vehicle.