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  • Lloyd's has confirmed today (14 September) the resignation of Toby Davies and Iain Saville as CEO and executive chairman of Kinnect respectively.
  • Lloyd’s has issued an estimate of £1.4bn net loss due to Hurricane Katrina, stating that the London market is in a strong enough position to absorb the loss.
  • Morgan Stanley analyst William Wilt has advised investors to remain selective as new capital opportunities arise with (re)insurers in the wake of Hurricane Katrina.
  • Equitas announced its annual results for the year ended 31 March 2005 last week, revealing a rise of 2.4 percent in its insolvency margin.
  • 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.
  • Swiss insurer Zurich Financial Services (ZFS) has released its preliminary estimates of losses resulting from the recent flooding in Switzerland, southern Germany and Austria.
  • 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.
  • As Insider Week goes to press, the picture on Hurricane Katrina loss estimates remains fluid, with (re)insurers beginning for the first time to revise initial estimates of the damage caused by windstorm, fire and flood.
  • Shares decline as H1 profit slump unveiled...
  • 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.