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  • Creditors of Bryanston Insurance Company Limited are to receive a payment percentage of 59 percent after the scheme administrator, Paul Evans, raised the amount by another 12 percent.
  • Willis Group Holdings improved both its top and bottom lines in its third quarter results, which were published last week.
  • Brit Insurance and Apollo Management were embroiled in a messy insurance dispute shortly before the New York buy-out firm made an unwelcome bid for the UK insurer, it has emerged.
  • Rod Fox, CEO of US specialty insurance company Praetorian has parted company with Australian (re)insurer QBE Insurance Group, little more than one month after its’ acquisition by QBE, Insider Week can confirm.
  • Accounting irregularities have been found at the predecessor firm of China Life, the Chinese life insurance company that held the world's largest IPO in December 2003.
  • Beazley Group has returned $62mn to its shareholders since it walked away from takeover negotiations with Lloyd's rival Hardy in mid-December.
  • American International Group (AIG) has reported a $2.4bn third quarter net loss after sustaining $4.5bn in restructuring charges, including $3.2bn losses and goodwill write-downs on impending disposals to repay its US government rescue package.
  • Marsh Inc has completed its search for a new chief executive with the appointment of Daniel Glaser.
  • Refocused Bermudian property catastrophe (re)insurer PXRe reported full year 2004 profits more than 75 percent down on 2003 as strong fourth quarter performance failed to reverse the devastation of a third quarter struck by hurricane and typhoon losses.
  • Equitas announced on 15 June that it had reached a comprehensive settlement with US insurer The Hartford Financial Services Group.