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  • The recent P&I renewal season was characterised by a split between clubs determined to maintain discipline and charge published rate increases, and those who let discipline slip, according to Aon’s P&I division P.L. Ferrari & Co (Aon PLF).
  • Industry grandee Bob Clements, the founding chairman of Bermuda’s Arch Capital, is to step down from his position at the company, with current vice-chairman Paul Ingrey taking his place at the beginning of next month (1 April 2005).
  • World’s largest reinsurer Munich Re made a solid if unspectacular start to its 125th anniversary year with the announcement of EUR1.8bn 2004 profit, marking the mid-point of its own projected range of EUR1.7bn to EUR1.9bn – lowered after an associated com
  • Specialist Lloyd’s insurer Chaucer has announced record pre-tax profits of £38.2mn, a 6.7 percent increase on 2003’s £35.8mn figure.
  • A survey of London and Lloyd’s CEOs has revealed that the London market may not be ready for increasing regulation under the FSA, the plans for which will be announced tomorrow (24 January, 2004).
  • Marsh & McLennan Risk Capital Holdings has agreed to sell around half of its share in AXIS Capital, the Bermudian (re)insurer it helped found in the wake of 9/11.
  • As predicted in the February edition of The Insurance Insider, Aon Corp struck a nationwide agreement with US regulators to settle the bid-rigging, kickback and steering investigations into the broking giant. The broker followed its rival MMC in estab
  • Aspen profits up AWAC positive result despite storms IPCRe hurricane losses grow Platinum profits down Quanta makes maiden year loss
  • Names action group joins queue to sue directors of HIH-owned Lloyd's insurer Litigation embroiling now-defunct corporate vehicle Cotesworth Capital continues to snowball, with a claim being served earlier this month against former directors, auditors a
  • Friction between Manning Williams Ltd founder John Manning and co-director Colin Spreckley contributed to the decline of the Lloyd's broker, according to the director's report to the creditors meeting earlier this year. On 9 December 2004, the broker