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  • Lloyd’s insurer Hiscox plc has acquired the UK event cancellation provider Insurex Expo-Sure from Alexander Forbes.
  • London market insurer Mitsui Sumitomo Insurance (London) Ltd (MSIL) has been awarded an AA- financial enhancement rating (FER) by the rating agency Standard & Poor’s.
  • Bruce Carnegie-Brown, CEO of Marsh’s UK operations has been promoted to the position of president and CEO of the broker’s Europe and Middle East Operations.
  • The storms which struck the Eastern states of Australia last week will cost around $92mn (A$120mn) in insured losses, according to Australia’s Insurance Disaster Response Organisation (IDRO).
  • Lloyd’s CEO Nick Prettejohn issued a stringent call for the UK’s Financial Services Authority (FSA) to take a more active role in preventing conflicts of interest caused by undisclosed broker commissions.
  • Despite the growing suggestions from reinsurance brokers that rates are under pressure, SCOR became the latest reinsurer to issue a relatively upbeat assessment of market conditions when it described its renewals as “satisfactory”.
  • Lloyd’s was one of a host of (re)insurers to reveal their loss exposures to the recent catastrophes that have struck the industry.
  • Lloyd’s run-off vehicle Equitas continued its strategy of commuting its policies by announcing two significant agreements in recent days.
  • Willis has downplayed fears that it could be next in the firing line of former WTC leaseholder Larry Silverstein after the account for New York's Freedom Tower was transferred to rivals Aon earlier this month.
  • Broking giant Aon Corporation is in advanced settlement talks with US regulators including New York attorney-general Eliot Spitzer, The Insurance Insider understands. According to sources, Aon Corporation is looking to agree a deal that will sweep up