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  • Independent London market broker Glencairn has announced the appointment of Kevin Hogan as chief operating officer.
  • Silverstein looks to be the comeback kid in second round of wordings spat The final bout of the long-running legal dispute over WTC insurance cover made its way into court again last month, with the building’s leaseholder Larry Silverstein again determ
  • New York attorney general Eliot Spitzer is continuing to broaden his probe into the insurance industry by opening an investigation into products such as finite reinsurance, which can help enhance financial statements.
  • Florida’s attorney general Charlie Crist became the latest US regulator to open an investigation into alleged bid rigging and insurance commission arrangements last week.
  • Aon’s retiring chief executive Patrick Ryan has called upon the insurance industry to implement reform to reclaim the trust of its clients in the wake of New York attorney general Eliot Spitzer’s investigation into alleged price fixing.
  • Liability claims costs the world-over are on the rise, according to the latest Sigma report from Swiss Re.
  • Rating agency Standard & Poor's has raised its Lloyd's Syndicate Assessment (LSA) on Chaucer Syndicate 1084 to '3' from '3-'.
  • Independent broker BMS International Intermediaries Ltd revealed last month that it had bolstered their marine reinsurance operations with the capture of a four-strong team from Arthur J Gallagher UK Ltd.
  • Faced by a softening product market, US retail brokers are increasingly turning to aggressive acquisition strategies to achieve revenue and profit goals, according to the latest report from investment banking firm WFG Capital Advisors.
  • Rating agency AM Best has affirmed the “A-” (Excellent) financial strength rating of Olympus Re, and removed the rating from under review. In addition it assigned an issuer credit rating of "a-" to the (re)insurer, assigning both ratings a stable outlook.