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  • General Re has cut its consulting agreement with former chief executive Ronald Ferguson after he invoked the Fifth Amendment when questioned by US regulators over his role in negotiating a controversial $500mn finite reinsurance with AIG.
  • US broker USI Holdings saw its shares leap 8 percent last week after the independent firm admitted it was mulling a private equity buyout offer.
  • The list of industry casualties following various regulatory investigations into the industry’s use of finite reinsurance continued recently with news...
  • Chris Fagan, the former chief executive of insurer GoshawK, is behind an attempt from a Japanese private equity house to take the UK listed company private. Fagan was ousted from GoshawK last year following the collapse of its Lloyd's Syndicate 102 la
  • Serial disposer Royal & SunAlliance (R&SA) has announced the sale of the life and pensions divisions of its subsidiary Codan. R&SA, which owns 71.7 percent of Codan, said the sale would be to Danish life insurer SEB Trygg Liv and would net an estimate
  • Aon is set to challenge SBJ’s traditional hegemony for UK professional sports insurance after swooping to recruit two of its brokers.
  • Max Capital Group Ltd has appointed Kevin Werle as executive vice president and chief risk officer following the recent restructure of its senior management team.
  • Aon Corporation is close to appointing a successor to its patriarchal chief executive Patrick Ryan, Insider Week understands.
  • US insurer Allstate Corp is likely to fall short of profit expectations when it reports its first quarter result later this month.
  • Kinnect, the Lloyd’s-backed electronic data transfer initiative, has confirmed that it is recoding its platform for future releases. Speaking to Insider Week, Iain Saville, chairman of Kinnect, said the re-coding aimed to improve the functionality...