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  • German reinsurer Hannover Re reported a "gratifying" third quarter result in which the group posted net income of EUR123.5mn.
  • JLT, the world's fifth largest insurance broking group, are in advanced talks to acquire rival HLF's aviation team, The Insider can reveal. HLF's well regarded aviation team is led by Nigel Weyman. Sources suggest he is set to join JLT together with a
  • American International Group (AIG) saw its share price tumble over ten percent yesterday (11 February) to a five-year low as it spooked investors over the size of its exposures to the continuing credit crisis.
  • The outlook for the 2002 year of account for Syndicates 587, 1084 and 1096 has improved significantly, according to the latest forecasts from Chaucer Holdings.
  • Billion dollar losses from New Zealand are again likely for the reinsurance community after a magnitude 6.3 earthquake struck Christchurch, killing at least 65 people
  • The founder of failed Australian company HIH Insurance, Ray Williams, was released from jail last week but is still facing an inquiry into his finances.
  • Marsh Inc has appointed Mark Feuer as the new CEO of its US business with responsibility for day-to-day operations.
  • The blanket ban on contingent commissions or Placement Service Agreements (PSAs) imposed by New York attorney general Eliot Spitzer following his 2004-2005 investigations into the major US brokers have been moderated.
  • 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.
  • Beleaguered Bermudian reinsurer PXRE is facing termination charges of up to $60mn on cat bonds and reinsurance contracts if, as expected, it goes into run-off.