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  • Japanese insurer Aioi Insurance Company revealed today (5 January 2004) that it expects its 2003 profits will be up by 35 percent because of compensation received from the aviation reinsurance pool manager, Fortress Re.
  • Willis relocates to Bermuda; proposes a partial offering of its stock in the United States; and Kohlberg, Kravis Roberts announce that they're not quite ready to sell their shares just yet etc.
  • Typhoon Fitow, this year’s ninth named storm in the western Pacific, made landfall in Kanagawa state southwest of Tokyo on 7 September, with maximum sustained winds of 86 mph.
  • Gregory Serio has announced that he will be stepping down from his current post as New York Superintendent of Insurance.
  • Hannover Re, the world’s fifth largest reinsurer, has responded to concerns over its geared capital base by raising EUR500mn in two equity offers last week.
  • Pool Re’s role as a terrorism reinsurer for commercial property has provisionally passed the antitrust test as the UK Office of Fair Trading (OFT) announced Friday (6 February, 2004) that it satisfies the conditions for exemption under competition law.
  • Significant steps were taken last week on the road to creating the second largest US commercial lines insurer as the St Paul Travelers super merger moved closer to reality.
  • Willis Group Holdings has parted company with Arlene Corsetti - only a year and a half after trumpeting her defection from rival broker Marsh Inc. Corsetti, the former managing director of Marsh's midwest operations, was one of the first high...
  • Aon Corp's former US wholesale arm Swett & Crawford Group has promoted its chief operating officer to succeed David Hartoch as group chief executive.
  • Troubled broking giant MMC finalised $3bn of financing last week soothing fears of a liquidity crunch as the firm strives to settle with the New York attorney general Eliot Spitzer.