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  • Willis Group Holdings has announced the appointment of Gary Schmalzriedt as the chairman of its reinsurance brokerage, Willis Re.
  • Broking giant Marsh has announced its first large-scale foray since 1998 with the $1.9bn acquisition of corporate security firm Kroll.
  • The protracted fallout caused by Maurice "Hank" Greenberg's March 2005 departure from giant US insurer American International Group (AIG) continues both in and out of the US courts.
  • French reinsurer SCOR has announced plans to make 200 redundancies across the group as part of the reinsurer's integration of acquisitions Converium and Revios.
  • The Securities and Exchange Commission (SEC) has revealed "significant weaknesses" in ratingspractices following a 10-month investigation into rating agencies Moody's, Fitch and Standard & Poor's (S&P).
  • The European Parliament has approved the reinsurance directive which paves the way for a regulatory level playing field for companies operating in Europe.
  • US property casualty insurers are expected to pay out approximately $1.38bn in insured losses for the first quarter of the year, according to ISO's Property Claim Services. The losses are the result of damages to homes, commercial properties and...
  • Atrium joined its peers on 2 March announcing 2001 as an "excellent result in a difficult year" for its Syndicate 609, alongside Syndicate 570 performance "better than previous forecast". Syndicate 609 made a 4.4 percent profit on £66.1mn, near the top en
  • Quoted Lloyd’s insurers Hardy Underwriting Group plc and Advent Capital Holdings plc are taking the final steps towards achieving the buy-out of remaining Names’ capital.
  • Zurich American Insurance has settled a business interruption claim, stemming from the 2001 World Trade Centre loss, for $80mn with ABM Industries.