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  • Broking giant Aon Corporation has appointed ex-McKinsey management consultant Gregory C. Case as the group’s new president and chief executive, replacing the long-serving Patrick Ryan.
  • The timing of Converium's upgrade to its desired A- financial strength rating from Standard & Poor's (S&P) couldn’t have been better as it attempts to shake off the hostile attentions of rival SCOR.
  • Hub International became the latest sizable broker to be acquired by private equity investors when the Chicago-headquartered firm agreed to a $1.7bn deal ($1.8bn including debt) with Apax Partners and Morgan Stanley.
  • The aviation market in the second quarter of 2004 is showing signs of slight hardening, according the latest research from brokers Aon.
  • Shares in Benfield Group fell over 10 percent this morning (8 March) after the company announced a below forecast 2006 result and a worse than expected loss in its fledgling Corporate Risks division.
  • The Royal Bank of Scotland (RBS) has extended the deadline for the first round of bids for its insurance division, following apparent dwindling interest in the units.
  • The Lloyd’s Names’ stop loss mutual Integer has announced a second proposal for a scheme of arrangement, with the aim of distributing its £9mn assets to the Lloyd’s members who bought stop-loss reinsurance polices from the company in the late nineties.
  • Despite agreeing a deal with SCA and regulators to shed the majority of its $65.7bn pre-IPO notional exposures to the bond insurer, XL is still on the hook for potential liabilities under guarantees that were around $1.1bn in notional value at the end of
  • UK based (re)insurance group Brit announced Kathy Lisson, COO will leave the company on 12 May next year.
  • The global (re)insurance industry has been counting the cost and revealing its total exposure to failed US investment bank Lehman Brothers, which filed for bankruptcy protection on 15 September.