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  • The increasing role of the run-off sector in the global (re)insurance industry has been reflected in the formation of the first US trade body for active and run-off companies, receivers and liquidators, and their representatives.
  • John Charman will stay on as CEO and president of AXIS Capital Holdings Ltd for at least a further year after the Bermudian (re)insurer extended his contract to 31 December 2009.
  • It seems that legislation to bring in an asbestos trust fund to compensate victims and end expensive lawsuits will stay log-jammed in the Senate after insurers refused to compromise on the contributions they would have to make.
  • Adrian Colosso has been promoted to Group managing director of the broker Heath Lambert, following a year of flux which witnessed the ousting of chief executive David Margrett, a restructuring of its debt and ownership and the selling-off of a number of d
  • But unique circumstances unlikely to set precedent for those with solid D&O cover
  • RSA is unlikely to return with an improved offer after its ambitious £5bn all-cash bid for the non-life operations of Aviva was rejected, The Insurance Insider understands.
  • In America, nothing fails like success, wrote novelist Budd Schulberg. That thought, among others, was on my mind yesterday as reports swirled around that Hank Greenberg, AIG's chairman and CEO, would soon be relinquishing the CEO title.
  • "Unlikely to succeed", "Un-doable", "very surprised" (copyright all insurance analysts). These were just some of the comments rushed out after revelations that RSA had approached UK rival Aviva to buy its general insurance operations for £5bn.
  • CEOs get cheap options Stock options may be a good form of compensation for start-up companies, but they aren’t appropriate for CEO's at most insurance companies. From a shareholder’s perspective, they have several drawbacks. They don’t align the C
  • First half profits at Co-operative Financial Services (CFS), the banking and insurance subsidiary of the UK consumer conglomerate The Co-operative Group, tumbled by 53 percent to £38mn as a result of "exceptional weather-related losses".