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  • Insurers AIG, ACE and Aegis have settled their share of an energy dispute involving oil giant BP. The dispute flared up after Swiss Re, AIG, ACE, Aegis and AXA refused to pay claims on a series of large energy losses.
  • New Year optimism from reinsurers was probably diminished by news of the Suncor Energy loss - which introduced a fresh energy catastrophic loss only months after Hurricane Ivan tore through the Gulf of Mexico devastating oil platforms.
  • Lloyd's lost out in round one of the Central Fund reinsurance contract dispute after the panel in the first stage of the arbitration tribunal found the lead reinsurer Swiss Re "prima facie entitled to avoid the policy", based on the way the risk was prese
  • The integrated broking model may become a thing of the past if, as expected, the sale by Willis of its wholesale arm is repeated by the other major broking groups.
  • 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.
  • In our regular News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Willis Group Holdings Ltd continued its strategy of selectively acquiring regional specialists by announcing that it has signed a definitive agreement to acquire the Californian employee benefits broker PRIMARY Worldwide Corporation.
  • The world’s fourth largest insurance intermediary, Arthur J Gallagher & Co, has merged its reinsurance units and rebranded them as Gallagher RE, the company announced last week.
  • Marsh & McLennan announced that it has restructured its consulting arm Mercer Inc into two units and that its president Peter Coster would retire after spending 40 years at the firm.
  • UK insurer Royal and Sun Alliance (R&SA) is being sued by car manufacturer General Motors Corp for failing to pay millions of dollars of asbestos claims, it emerged last week.