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  • Heath Lambert Group has won the prestigious Sainsbury account from current incumbent Marsh Ltd, our sister publication The Insurance Insider revealed last week.
  • UK-listed Chaucer Holdings plc became the latest Lloyd’s insurer to announce a decline in profits due to the weak dollar when it released its interim results today (11 September).
  • Swiss-based reinsurer Glacier Reinsurance AG announced today (11 September) it has appointed Dr. Luzi Hitz as Senior Property Underwriter.
  • Reinsurance broker Benfield has predicted that the spate of recent regulations issued by the China Insurance Regulatory Commission covering issues including minimum capital requirements and investment regulations will only serve to encourage competition i
  • New York attorney general Eliot Spitzer has amended charges in the civil case against former American Insurance Group (AIG) CEO Maurice “Hank” Greenberg.
  • Cooper Gay Intermediaries (CGI), the US treaty arm of London-based reinsurance broker Cooper Gay, announced the appointment of Michael Joyce as executive senior vice president on 8 September.
  • In contrast to many of its Lloyd’s competitors, the Bermuda-headquartered Catlin Group received a currency boost from the weak dollar which contributed to record net income of $147.3mn for the first half of 2006.
  • Reinsurance broker Guy Carpenter has hired Nick Gralton from rival RK Carvill & Co to head up its US wholesale casualty business.
  • A year after Standard & Poor’s demonstrated its confidence in SCOR’s rehabilitation, AM Best has also upgraded the French reinsurer to the key A- territory.
  • In a strategic volte-face, Jardine Lloyd Thompson Group plc (JLT) has sold its US property casualty and employee benefits operations to Alliant Insurance Services Inc for $100mn (£53.3mn) little more than three years after revealing its plans to roll-out