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  • Connecticut based insurer WR Berkley filed last Friday to sell up to $750mn in debt securities, common and preferred stock and other securities.
  • Under-fire insurance giant American International Group (AIG) endured another difficult week as further revelations broke about the nature of its involvement in transactions now under the intense scrutiny of regulators. The week had begun in relatively
  • Marsh, Willis and JLT continue to grow healthy brokerage revenues… Despite growing evidence that non-casualty pricing levels have plateaued, strong half-year results from Marsh, Willis and JLT show brokerage revenues continuing to grow.
  • A devastating fire totally destroyed a vital oil platform off India’s west coast on Wednesday (July 25) and killed at least 12 people.
  • The chief executive of Aspen Insurance Holdings’ US specialty insurer Aspen Specialty Insurance Company has resigned after admitting he supplied false information about his “educational credentials” in regulatory submissions.
  • Lloyd’s pre-1993 run-off vehicle Equitas announced today (29 March) that it has reached a comprehensive agreement to settle its largest direct asbestos exposure by paying $415mn into a settlement trust account.
  • Syndicate 33, the Lloyd’s operation managed by Hiscox, today reported unchanged forecasts for the 2003 and 2004 years account. For the 2003 year, the insurer projects a 12.5 to 17.5 percent profit on the Syndicate’s £842mn, 65 percent of which it owns.
  • Insurers AIG, ACE and Aegis have settled their share of energy losses claimed by oil giant BP.
  • Guy Carpenter has hired one the senior management team from winding down reinsurance broker RK Carvill with the appointment of Bobby Marsden to its executive sales group.
  • SCOR officially launched its hostile takeover bid for rival Converium last week (4 April) as it provided further details of the rationale behind the proposed deal which it hopes will create a top 5 global reinsurer and yield an A+ rating by 2010.