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  • Japanese insurers Sompo Japan Insurance Inc and Aioi Insurance Co Ltd have each taken a 3 percent stake in a company formed by People’s Insurance Company of China Property and Casualty Co (PICC), the largest non-life company in China. Each insurer has in
  • German insurance giant Allianz has said it will announce plans for a significant restructuring later this week in a move that is likely to lead to job losses.
  • Further embarrassment for film impresario Kent Walwin as Canadian company Blackwatch is raided by Mounties and files for bankruptcy The extraordinary saga of insurance backed film financing took a further twist with the news that Canadian film financi
  • Brokers Benfield Group, has acquired a further 43 percent of the world’s only dedicated space insurance intermediary, International Space Brokers (ISB).
  • Royal Bank of Scotland (RBS) increased its presence in the UK general insurance market last Wednesday, buying Churchill from rival banking group Credit Suisse in a £1.1bn deal.
  • (Re)insurance specialising law firm Barlow Lyde & Gilbert's (BLG) continues to suffer from an exodus of senior lawyers.
  • Lloyd's (re)insurance intermediary CRS is poised to finalise a number of deals in preparation for run-off.
  • Giant German Munich Re has become the first international reinsurer to receive a nationwide composite operating license in China as penetration into the tightly controlled domestic market gathers pace.
  • The Azerbaijan State Insurance Supervision Service has suspended the licence of global broker Aon's Azerbaijani operations for six months, according to a report from the Fineko Agency's ABC.az website.
  • Failed (re)insurer Goshawk Insurance Holdings PLC has announced post-tax profits for the first half of 2007 of $1.7mn up from the $2.6mn loss it reported for the same period last year.