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  • Lloyd’s decision to terminate the Kinnect project came just over a week after the Corporation unveiled a new strategic plan which creates a vision of the Society being a low cost insurance platform.
  • Sovereign Risk Insurance Ltd – the political risk joint initiative between Bermudian giants ACE Ltd and XL Capital Ltd - will become wholly owned by ACE from the 1 February.
  • As exclusively revealed by our sister publication The Insurance Insider on Friday (13 January), Lloyd’s has unveiled its vision for the marketplace, which may see differential charging for the Central Fund and a number of other significant reforms...
  • Hedge fund backed Glacier Re has received a boost from AM Best with news that the rating agency has affirmed it’s A- (excellent) financial strength rating. Glacier Re – which begun trading a year ago – was feared to be badly struck by...
  • London market broker Howden has promoted Andy Bragoli to the role of group broking director. Specialising in liability and crime insurance, Howden is the broking arm of fast expanding insurer Hyperion Insurance Group.
  • US insurance giant St Paul said it will update shareholders on its asbestos liabilities next week following Friday’s verdict in the US Court of Appeals which reinstated an old asbestos-related insurance suit against the company.
  • World’s biggest insurer American International Group (AIG) may have to pay $10mn to executive vice chairman and chief operating officer Donald Kanak who is leaving the company at the end of the month, after less than a year in the role.
  • Marsh Inc’s new chief executive Brian Storms will spend much of the next month on the road as he travels across the globe to meet his business heads and rally the broking giant’s troops. The former Mercer Human Resource Consulting chief executive...
  • Seven changes are expected to Converium’s board of directors when shareholders meet in April for the company’s Annual General Meeting. In keeping with previous indications chairman Peter Colombo will step down from his position on 11 April.
  • Hannover Re was boosted last week with the news that rating agency Standard & Poor’s (S&P) had affirmed its AA- insurer financial strength and long-term counterparty credit ratings on the German reinsurer, removing them from CreditWatch with...