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  • After revealing it was discussing selling a portion of its interest in French insurance broker Gras Savoye & Cie, global broker Willis has reiterated its strong commitment to the leading Gallic intermediary.
  • German insurer Allianz AG announced a strong Q2 group profit last week after being boosted by a much-improved performance from its troubled banking arm.
  • Bermudian Arch has become the latest (re)insurer to enter into a sidecar arrangement following the establishment of Flatiron Re, which has itself become the first vehicle of its kind to be rated by Standard & Poor’s (S&P).
  • Hannover Re appointment Hannover Re’s man in London, Harald Schenk, has joined the Board of London’s Company market trade association, the International Underwriting Association (IUA).
  • Jeremy Fall, the managing director of (re)insurance consultants Chiltington International, has left the group to form a new run-off advisory firm, Quest Consultants.
  • Rod Fox, the former chief executive of Benfield’s US arm, has returned to the broker to help develop its new Benfield Corporate Risks division.
  • The contested Scottish Lion scheme of arrangement returned to court on 7 July, in a hearing that will determine what impact a dissenting minority of policyholders may have on the initiative.
  • US broker Hub International has sold San Francisco-based Talbot Financial to a group that includes four members of Talbot’s management team. Talbot, which offers a range of financial services to banks and financial institutions, was classified as...
  • Swiss Re will stop writing property and casualty (P&C) facultative business from London later this year, The Insurance Insider's sister publication Inside Fac revealed last week.
  • World's second largest broker Aon has made public efforts this month to clear up comments attributed to outgoing CEO Pat Ryan that he was "not fazed" by the Spitzer and other investigations into the industry, and that he was "very comfortable" with the be