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  • No letting up in natural catastrophes after record 2004 losses After 2004 produced record insured losses from natural catastrophes estimated at some $40bn, 2005 started in a similar vein as Windstorm Erwin cut a swathe through northern Europe over the
  • Lloyd’s managing agency AEGIS announced last week the appointment of Stuart Davies as managing director of its energy Syndicate 1225, tasked with driving through its development as a lead underwriter in both onshore and offshore energy.
  • Gregory Serio has announced that he will be stepping down from his current post as New York Superintendent of Insurance.
  • The Joint Provisional Liquidators of the Independent Insurance Company have announced an out-of-court settlement with Berkeley Burke, one of the failed insurer’s creditors.
  • As the FSA deadline for broker regulation approaches, the British Insurance Brokers' Association (BIBA) has warned that consumers may face added danger and confusion if they buy their insurance from a non-regulated company.
  • Lloyd’s-backed electronic data transfer system Kinnect announced today that Hiscox and Liberty Syndicates have pledged their support for the project and “will sign contracts shortly”.
  • President Bush boosted hopes of US tort reform last week when he staged a series of events putting the case for limitations on lawsuits.
  • Marsh has tempted back one of the key professional liability brokers who defected from the firm to join the expanding Atlanta headquartered broker Beecher Carlson in the New Year.
  • Swiss giant Zurich Financial Services (ZFS) announced today (10 January 2005) that its subsidiary Centre Insurance Company (CIC) has reached a comprehensive settlement with the Californian Insurance Commissioner in a long running dispute over transactions
  • Robert Stearns, a senior vice-president and excess casualty broker at Marsh’s New York office, pleaded guilty to a felony fraud charge last week in relation to New York attorney general Eliot Spitzer’s investigations into bid-rigging.