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  • After two weeks of heightened rumours, Insider Week understands that Marsh representatives had contact with HLF over a potential take-over bid.
  • World’s de facto largest asbestos reinsurer Equitas continued its commutations drive with the announcement last week that it had reached “comprehensive agreements” with four major policyholders at the tail end of 2004.
  • Aon Re has announced the management structure for its new global accident, health and life reinsurance team.
  • Everest Re Group announced a 64 percent increase in quarterly net income last week, helped by higher premium rates. The Bermuda-based reinsurer said gross premiums written for the third quarter of 2003 were $1.24bn, a 75 percent increase on the $708mn
  • French reinsurer SCOR’s “back on track” recovery plan was shunted backwards last week with the early retirement of group deputy chief operating officer Pierre-Denis Champvillard.
  • Germany’s Hannover Re announced a largely unchanged set of interim results for the first half of 2003.
  • Munich Re’s director of investor relations and strategic planning Clement Booth will leave the firm in September, months before the new chief executive Nikolaus Von Bonhard arrives.
  • SCOR has responded with dismay after ratings agency S&P downgraded its financial strength rating below the critical A- level last week.
  • Pension deficit deteriorates; film finance exposures could cost £200mn+ HLF Group plc was hit by a further wave of resignations last week as its 12 strong International Facilities and Binders team handed in their notices.
  • Wintherthur International America Insurance Co, a subsidiary of XL Capital, has filed a suit against aviation parts manufacturer Goodrich Corp after it claimed for lost revenues due to the 11 September attacks.