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  • Lloyd’s insurer Amlin plc is planning to start a Bermudian (re)insurer next year, The Insurance Insider can reveal.
  • In our regular monthly International News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • (Re)insurers reluctant to estimate losses in the face of continuing confusion...
  • Marsh & McLennan Companies Inc (MMC) announced last Wednesday (7 September) that is to sell Crump Group Inc. wholesale broking business of its Marsh Inc unit to a of J.C. Flowers & Co affiliate.
  • Pressure from US regulators over finite reinsurance continues unabated, with the revelation that Joseph Brandon, chief executive of Berkshire Hathaway’s General Reinsurance unit, has received a Wells notice from the US Securities & Exchange Commission...
  • Marsh & McLennan Companies Inc (MMC) announced today (9 September) that president and CEO Michael Cherkasky will hand over the reins of broking subsidiary Marsh Inc to Brian M Storms with immediate effect.
  • European reinsurance giants Swiss Re and Hannover Re have joined Munich Re in changing their estimates of insured losses resulting from Hurricane Katrina.
  • AM Best questions European loss figures, S&P places 10 firms on ratings watch. As the world’s (re)insurers continue to assess the impact of Hurricane Katrina, the first revisions of early loss estimates are beginning to show through.
  • The head of General Electric’s (re)insurance arm confirmed last month that the giant conglomerate will probably sell or spin-off all its underwriting units in due course.
  • Allstate, State Farm face vast exposures with limited reinsurance...