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  • Brian Duperreault, the former ACE Ltd chief, has been appointed president and CEO of Marsh & McLennan Cos (MMC) with immediate effect, in a bid to boost the fortunes of the ailing financial services group.
  • Capita CMGL is to complete the reinsurance-to-close (RITC) transfer of the run-off Duncanson & Holt Syndicate 55 with capital supplied by CarVal Investors LLC, a fund backed by the agribusiness giant Cargill.
  • Validus Re will take a decision shortly on whether to renew its $200mn energy sidecar Petrel Re but says it looks likely to continue with the facility.
  • Validus Re will take a decision shortly on whether to renew its $200mn energy sidecar Petrel Re but says it looks likely to continue with the facility.
  • Bermudian (re)insurer Max Re Capital Ltd is raising $100mn to repay short-term debt at its subsidiary Max USA Holdings Ltd.
  • Broker Marsh placed the insurance programme for the Air India Boeing 737-800 that crashed on Saturday (22 May), killing all but eight on board, The Insurance Insider understands.
  • Broker Marsh placed the insurance programme for the Air India Boeing 737-800 that crashed on Saturday (22 May) and killed all but eight on board, The Insurance Insider understands.
  • Strong growth at subsidiaries Guy Carpenter, Kroll and Mercer pushed Marsh & McLennan Companies Inc (MMC) to book fourth quarter 2006 revenue growth of 9 percent to $3.1bn, as it reported consolidated net income of $226mn for the period.
  • RSA and CGNU handled the recent floods with aplomb, but will they and smaller insurers find themselves suffering after the latest storms? Loss assessors are an unreliable bunch. Take the dreadful flooding that in England's south east recently; before
  • New York-based hedge fund Fortress Investment Group’s offer to buy defunct run-off insurer Alea Group Holdings Ltd was declared unconditional on 5 July.