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  • Andrew Wallas, the chairman of London market broker Glencairn Ltd, has left the company, Insider Week can reveal.
  • A total of nine cat bonds with a combined value of $1.56bn are exposed to Japanese earthquakes and risk being triggered by the magnitude 8.9 temblor that struck the north-east of the country on 11 March.
  • During the first week of 1999, Illinois’ governor, Jim Edgar, signed a bill permitting mutual insurers domiciled in the Land of Lincoln to convert to mutual insurance holding companies (MIHC). For those who may have forgotten the MIHC is a neutron bomb fo
  • 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.
  • Gallagher Re announced the appointment of Kenneth King as a senior vice president on 12 September.
  • More than 95 percent of "Ground Zero" workers who helped clear up debris after the September 2001 terrorism attack on the World Trade Center have agreed to a compensation offer worth at least $625mn.
  • The hostile dispute between US run-off insurers Seaton and Stonewall and UK-based Randall & Quilter (R&Q) and its founder Ken Randall is set to go to trial, despite Berkshire Hathaway's surprise purchase of Stonewall.
  • Scor defied its first-quarter cat losses to report a profit for the half-year, as a c.EUR30mn subrogation gain on its World Trade Center (WTC) loss helped it to post a net income of EUR40mn.
  • Morgan Stanley analyst William Wilt has advised investors to remain selective as new capital opportunities arise with (re)insurers in the wake of Hurricane Katrina.
  • French insurer Axa has reported a 0.7 percent lift in property and casualty (P&C) insurance revenues to EUR21.4mn for the first nine months of 2010, with growth in personal lines offsetting a decline in commercial business.