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  • London market broker Glencairn Ltd has parted company with Adam Fox, the head of its reinsurance operations.
  • New market opportunities are creating a more positive business outlook than at any time in the past three years, the most recent International Insurance Society (IIS) survey of insurance executives has revealed.
  • Randall & Quilter Group Investment Holdings Ltd, the UK based acquirer of run-off businesses, has acquired Chevanstell Ltd, The Insurance Insider can reveal.
  • German reinsurance giant Munich Re has established an Indian service company in anticipation of growing business from the sub-continent.
  • Aon Corp announced that it had completed the sales of its Aon Warranty Group (AWG) and Construction Program Group (CPG) on 30 November.
  • Smaller shareholders in Alea Group Holdings (Bermuda) Ltd may have got their wish with the news that the failed reinsurer has received an approach that might lead to a higher offer than the 93p a share offered by Fortress Investment Group (FIN).
  • New Bermudians take up some of the departing capacity as CEA prefers reinsurance over Cat bonds.
  • As SCOR found out recently, there are times when shareholders need an extra incentive before they will support take-out offers – and this is looking increasingly the case with the defunct reinsurer Alea Group Holdings.
  • Axa Asia Pacific green-lights takeover move; JLT's non-advisory arm renamed Thistle; Tower Group estimates up to $9.1bn hit from US storms.
  • Lloyd's insurer Hiscox plc revealed on 1 September that it is close to setting up a Bermudian sidecar operation to reinsure its Lloyd's Syndicate 33.