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  • Guy Carpenter & Co has recruited an eight-strong Credit, Bond & Political Risk team headed by the former Benfield Group executive John Orchard, Insider Week can reveal.
  • Willis Group’s long-established Italian financial institutions/executive risks team is set to change sides and join rival Aon Ltd, only months after the world’s third largest broker restructured its London-based professional risks division.
  • Rodney Adler, the former director of failed Australian insurer HIH, failed last week in an attempt to have his jail term reduced.
  • As revealed by The Insurance Insider in February, the UK division of US retail broker Arthur J Gallagher has hired ex-regulator Sarah Dalgarno as director of compliance and risk management.
  • American International Group (AIG) has announced that the China Insurance Regulatory Commission (CIRC) has given its life and general insurance subsidiaries in China approval to expand.
  • General Motors has brought its asbestos dispute with Royal & Sun Alliance Group to the UK by filing a suit against the insurer into the High Court.
  • Swiss Re has issued a $160mn Cat bond that covers Mexican earthquakes – the first time a sovereign country has securitised its natural catastrophe exposures.
  • A month into his new role, and Lloyd's chief executive Richard Ward has shown a determination to improve the London Market's oft-criticised processing by proposing a new approach to contract documentation.
  • The London Stock Exchange’s two-week decline has continued to impact on the share price of the London Market’s listed insurers.
  • UK-listed Jardine Lloyd Thompson Group plc (JLT) announced on 18 May that it has become the latest Western broker to receive approval from regulators for a Chinese (re)insurance broking operation.