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  • Lloyd’s is down to the last two candidates for the next chief executive of the three-year hundred year-old institution, The Insurance Insider can reveal.
  • Christian Milton, the former head of reinsurance buying at insurance giant American International Group (AIG), and three former senior General Re executives, have been indicted by a federal grand jury, according to reports in today’s Wall Street Journal.
  • BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services related companies, has listed on the Stock Exchange’s Alternative Investment Market this morning (2 February).
  • Rod Fox has left reinsurance broker Benfield to head up Clarendon Group, the US specialty insurance arm of Hannover Re.
  • UK insurer Brit reported to the London Stock Exchange this morning (1 February) that it expects to make a pre-tax profit of £60mn for 2005.
  • AIG was granted a restraining order on a CV Starr as the insurance giant seeks to defend its business in the New York Supreme Court. Judge Herman Cahn’s temporary order is in place until 2 February, when another hearing is scheduled.
  • “Class of 2005” alumni Validus revealed today (31 January) a healthy start to life, underwriting $220mn of gross written premiums in its maiden 1 January renewal season. The announcement would seem to contradict recent widespread...
  • 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.
  • UK insurer Brit has today (30 January) seen its stock climb back up to the 94p 52-week high it hit on 6 January this year. The company’s share price had fallen away by 7p to 87p by 25 January, but has...
  • AXA has an optimistic outlook, such that “everything’s going its way” according to an analyst’s note on its 2005 revenue disclosure. After AXA reported 14 percent growth in its full year life new business by annual premium...