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  • As the run-off sector continues to absorb the implications of key developments in 2005 led by the High Court decision not to sanction the British Aviation Insurance Company Limited (BAIC) solvent scheme of arrangement, the number of proposed...
  • Despite the “Class of 2005” raising over $10bn within months of Hurricane Katrina, capital supply is expected to have less impact on pricing than ever before, according to analysts at Numis Securities. In a note titled “The cycle has staying power”...
  • Last autumn’s industry record hurricane losses triggered sharp increases in property rates in the fourth quarter of 2005, according to the latest RIMS Benchmark Survey from analysts at US firm Advisen. The survey, which includes information from...
  • The UK Court of Appeal sent a sigh of relief among London market insurers earlier this month after over-turning last year’s controversial GoshawK vs Tyser decision which ruled brokers were not obliged to produce documents previously shown to underwriters.
  • Lloyd’s confirmed on 3 February that it will pursue legal action against Benfield and Aon, the two brokers who placed the £500mn Central Fund insurance contract which failed to engage following an arbitration decision last year.
  • Mike Hammond, the former chief executive of broker Marsh’s UK operations, may be set to make a swift return to the London market after leaving Jardine Lloyd Thompson plc by joining Arthur J Gallagher & Co, The Insurance Insider can reveal.
  • But insurance giant hopes $1.6bn regulatory settlement will draw a line in the sand… US giant American International Group (AIG) continues to dominate the headlines with its fight with former chief executive Maurice “Hank” Greenberg...
  • After less than a year at Aon, the former JLT Group chief executive Steve McGill has moved across the Atlantic to replace Michael Rice as chief executive of Aon Risk Services Americas. In a bold decision by Aon Corp’s chief executive Greg Case...
  • Stone Point Capital, the former private equity arm of MMC, formed a new wholesale broker last month which is designed to capitalise on the changing dynamics of the broking model. Mercator Risk Sevices will provide wholesale and specialty services...
  • Industry veteran Bob Clements exclaimed he has never had so much fun in his business career as he builds his broking start-up Integro Ltd. The former chairman of J&J Marsh & McLennan Inc was in London last month to celebrate the opening of Integro’s...