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  • RenaissanceRe founder and former chairman and CEO Jim Stanard and two other ex-employees of the Bermudian reinsurer have been charged with securities fraud by the Securities and Exchange Commission (SEC) over a finite reinsurance transaction.
  • The seventh and final executive convicted over a fraudulent $500mn reinsurance deal that misled investors about American International Group’s (AIG) financial health has been sentenced to two years probation and fined $10,000.
  • National Indemnity Company (NICO)'s reinsurance deal last month to assume $3.5bn of American International Group (AIG) liabilities in advance of its planned IPO was also further demonstration of Warren Buffett's enduring appetite for asbestos risk.
  • London wholesale broker Miller has returned to Aon Benfield to recruit a five-strong accident and health (A&H) team.
  • Munich Re is scaling back plans to expand one of its Lloyd's platforms in 2010 because international property rates did not strengthen as expected earlier this year.
  • Europe's third-largest insurance group Assicurazioni Generali has confirmed that company chairman, Cesare Geronzi has resigned its board "in the greater interest of the company".
  • Bermudian XL Capital delivered record first half results last Wednesday (28 July), with second quarter net income of $363.6mn, or $2.62 per share, also a record for the period, and the second most profitable quarter ever for the company, following on from
  • The Port Authority of New York can be sued for negligence for the collapse of one of the World Trade Center buildings, a US appeal court ruled
  • RenaissanceRe founder and former chairman and CEO Jim Stanard and two other ex-employees of the Bermudian reinsurer have been charged with securities fraud by the Securities and Exchange Commission (SEC) over a finite reinsurance transaction.
  • Start-up broking outfit Integro continued its roll-call of new employees this week, announcing the appointment of John Zaffino, John (Jack) Green, and Gregory Sinnott from rival Willis to its New York office.