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  • Aon founder and executive chairman Pat Ryan has announced that he intends to retire from the broker on 1 August.
  • Centennial Insurance Company (CIC), revealed by The Insider in September as a new entrant to the UK professional indemnity (PI) market with a chequered past and debatable security, is understood to be the subject of a Financial Services Authority (FSA) en
  • London-based reinsurance agency ForestRe Ltd has reached an agreement with four Lloyd's syndicates to underwrite the world's only forestry-focused portfolio.
  • The soon-to-be giant broking combine Aon Benfield Re has finalised the management structure for its analytics team, as it emerged last week that Benfield shareholders had voted 99.8 percent in favour of the union with Aon.
  • Novae Underwriting, the recently launched liability operation of Lloyd’s insurer SVB, announced the appointment of two leading professional indemnity (PI) underwriters last week.
  • US reinsurers enjoyed a strong first half of the year, as rate rises in key property & casualty lines together with mild catastrophe losses contributed to favourable underwriting conditions, according to broker Benfield in its latest report on the sector.
  • A US federal judge has ruled that former Gen Re and American International Group (AIG) execs accused of improper finite reinsurance transactions will have to face fraud charges.
  • BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services related companies, grew its net asset value by 16.3 percent last year.
  • Marsh & McLennan Companies Inc (MMC) announced last Wednesday (7 September) that is to sell Crump Group Inc. wholesale broking business of its Marsh Inc unit to a of J.C. Flowers & Co affiliate.
  • AXA is believed to be again working with the French investment bank IXIS in developing another innovative risk securitisation, according to reports.