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  • Benfield-advised European reinsurer Glacier Re set to launch next year The legendary investor George Soros is backing a new $300mn European reinsurer that will target specialist lines in areas such as aviation and marine, The Insurance Insider can reve
  • New evidence has come to light of the use of off-balance-sheet transactions by insurance giant AIG. The allegations, published in industry newsletter Inside Bermuda, relate to offshore structures in Barbados and Bermuda used by AIG in the 1980s to circ
  • The decision by Marsh Ltd's chief executive Bruce Carnegie-Brown to commission an independent report into its activities proved to be inspired. At an apparent cost of £2mn, Marsh Ltd received "cleared of wrongdoing" headlines in all the UK newspapers read
  • Lloyd's-backed platform side-lined as broker goes to market with its own connectivity Brokers Aon is set to shake up the London Market IT consensus by launching an alternative to Kinnect, the Lloyd's funded platform designed to allow electronic transf
  • Despite concerns that downwards pricing pressure is building in many property catastrophe lines, cash-rich hedge funds are increasingly drawn to the perceived high reward reinsurance sector. In addition to providing private equity capital to back star
  • Controversy refuses to die down as policyholders lobby for $4bn settlement Almost a year after Insider Week’s sister publication The Insurance Insider first reported an initial settlement (see December 2003), the interminable dispute over the 1991 tak
  • Lloyd’s insurer Kiln has announced increased capacity for 2005 and stable or improving forecasts for open years for all four of its managed syndicates.
  • Lloyd’s insurer SVB announced updated forecasts for its Syndicates today (29 November) revealing further deterioration on the troubled 2002 year, which soaked up £8.1mn of the £103.6mn loss provision it set up at 30 June 2004 to contend with its discontin
  • The National Association of Insurance Commissioners will host a public hearing later this week to consider comments on its proposals to toughen up brokers’ disclosure requirements on commissions.
  • Willis plays aggressive independence card Willis Group, the global insurance broker tipped by many to benefit from the Spitzer fall-out, has been aggressively marketing itself as a non-conflicted alternative to the mega-brokers Marsh and Aon.