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  • Berkshire Hathaway is poised to make an insurance acquisition worth almost $1bn, investment titan Warren Buffett revealed at the weekend while hosting his company’s annual shareholders’ gathering.
  • Fast-growing Bermudian post-9/11 start-up Endurance Specialty saw it’s A- Standard & Poor’s ratings outlook updated from stable to positive last week (13 December) on the back of its “strong competitive position, which is supported by a diversified busine
  • The value of Names’ right to participate on Lloyd’s syndicates could be put to the test after the £193.2mn deal between Bermudian firm Ariel Re and Atrium Underwriting plc (see article 2).
  • UK listed broker Jardine Lloyd Thompson Group plc (JLT) has ended its year-long search for a new group chief executive with the internal appointment of chief operating officer Dominic Burke to the position.
  • Rod Fox, the former chief executive of Benfield's US arm, is set to return to operations at the reinsurance broker after being granted a leave of absence in the spring following allegations concerning his private life.
  • Former American International Group (AIG) chief executive, Maurice “Hank” Greenberg, has sent a letter to friends and associates asking permission to use their names as part of a PR operation to repair his image, reports The Wall Street Journal.
  • Corporate Britain rates loss of reputation and business interruption as its biggest health risks in 2005, according to a survey by broker Aon ahead of the annual conference of The Association of Insurance and Risk Managers (AIRMIC) which kicks off in Brig
  • A US federal court has overturned the $700mn damages awarded against the French firm Artermis SA for its role in the Executive Life scandal. Judge Howard Matz of the US District Court for the Central District of California ruled on 4 October that the..
  • Integro Ltd CEO Roger Egan has sued former employer Marsh & McLennan Cos Inc (MMC) alleging he was not properly compensated after being axed by the company in the aftermath of the 2004 bid-rigging affair.
  • Standard & Poor’s (S&P) followed through with its threatened downgrade of the various Travelers’ entities it placed on CreditWatch on 17 November 2003, when the agency greeted the proposed merger by revealing its intention to align Travelers’ ratings with