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  • On 1 January Richard Harrison was promoted to divisional managing director for marketing. Harrison was joined by executive director Malcolm Kingsbury, assistant director Mark Hennis, sales director Steve Horner and chief...
  • Andrew Harding has been appointed chairman of the Marine Division of expanding insurance broker SBJ Limited.
  • Lloyd’s franchise performance director Rolf Tolle wrote to Lloyd’s insurers last week explaining he will use his discretion in implementing the franchise performance guidelines.
  • New York attorney general Eliot Spitzer is continuing to broaden his probe into the insurance industry by opening an investigation into products such as finite reinsurance, which can help enhance financial statements.
  • The schemes of arrangement for four HIH companies were approved in the UK High Court on 12 June. The schemes became effective on 13 June 2006 when the Court Orders were lodged with Companies House.
  • Dutch insurance giant Aegon has completed a capital management transaction...
  • Recently-listed European reinsurer Paris Re suffered a drop in profits after exposure to 2007’s catastrophes negatively impacted its bottom line.
  • US "pay czar" Kenneth Feinberg has capped the annual cash salaries for American International Group (AIG) employees at $500,000 as part of a move on "second tier" executive pay at bailed out corporations.
  • An approach from former European chairman of Marsh, McLennan Co's (MMC) security consulting arm, David Buchler to buy the firm for $1.5bn has been rebuffed.
  • Bermudian reinsurer Montpelier Re has announced its first ever quarterly dividend payment of 34 cents a share, payable on 15 January to holders of record from December 31.