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  • Jardine Lloyd Thompson plc has recruited the former chief executive of Guy Carpenter’s UK arm Keith Fenwick to the organisation, Insider Week can reveal.
  • ACE unveiled a series of management reshuffles last week in both its primary and reinsurance operations.
  • US insurer St Paul Travelers is to terminate the payment of contingent commissions to brokers by the end of the year, according to Connecticut attorney general Richard Blumenthal.
  • Lloyd’s insurer Brit expects to write upwards of £1.15bn total gross premium income in 2003 after strong 2003 renewals and new business flow in the first few months of the year. This projection is based largely on its recent acquisition of PRI (see Inside
  • Despite reporting healthy earnings, broker Willis Group disappointed analysts with its lack of organic growth for the fourth quarter.
  • Insurers have claimed JP Morgan Chase “tricked, deceived and defrauded” them into underwriting approximately $2bn of finance deals with Enron, as the much-anticipated New York federal court trial finally got underway on 2 December.
  • Rating agency Standard & Poor’s last week revised its outlook to negative on Aon after the broker’s latest interims showed the firm’s margins continue to lag behind its peers.
  • AlphaStar – the firm trying to rise from the ashes of Stirling Cook Brown (SCB) – has landed itself in hot water with Nasdaq for late filing violations.
  • Marsh Ltd has recruited Zurich Financial Services’ (ZFS) executive Martin South to become the new chief executive of its UK arm, The Insurance Insider can reveal.
  • AIRMIC has announced its risk management standard is to be taken on by risk managers across Europe.