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  • Paul Kelly, the former merchant banker, has won comfortably the only contested seat in the most controversial Lloyd's Council election for many years. Kelly defeated veteran Names campaigner Lady Rona Delves Broughton after the powerful support of the Ass
  • Patrick Snowball, Aviva UK’s group executive director, has resigned suddenly from the company and is set to join the insurance consolidator Towergate Partnership as deputy chairman.
  • St Paul Travelers’ previously announced $687mn tax charge on the sale of its stake in Nuveen Investments contributed to the company booking net income of just $212mn or $0.31 a diluted share for the first quarter, down from $587mn or $1.31 a diluted share
  • Matthew Yeldham has re-emerged in EC3 as the new head of casualty at Aegis London.
  • Rating agency Standard & Poor’s (S&P) has updated its insurance capital model to include an explicit allowance for diversification.
  • Private equity giant The Carlyle Group has formed a financial services division to concentrate on the insurance and banking sectors, again highlighting investors’ appetite for the industry.
  • The failure of lawyers Mel Weiss and Bill Lerach to see eye-to-eye led to the dissolution of their legendary shareholder class action law firm Milberg Weiss Bershad Hynes & Lerach LLP into two new partnerships – safely based on either side of the United S
  • Long-time Fairfax bears, analysts John Gwynn and Matthew Cantrell of Morgan Keegan, have again mauled the company in their latest research notes. In two recent notes the analysts raise a number of points that will make uncomfortable reading for the...
  • Energy mutual OIL has responded to last year’s hurricane losses and spiralling premium costs by cutting members' coverage in half to a $500mn aggregation limit for multiple claims from a single occurrence. The company has also suggested it may look...
  • Keith Rutter, the former Independent Insurance underwriting executive, has left Oxygen Insurance Brokers to return to underwriting.