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  • Bevis Marks pays a visit to the annual meeting of the International Union of Marine Insurers and finds, under the surface of the up-beat theme, no real expectation that things will get better.
  • Practitioners in the London market have agreed the standard template of a binding authority agreement which will be incorporated into a new LMP slip, it was revealed today (26 January).
  • A strong 2004 for Texas-based HCC Insurance Holdings saw its profits from ongoing operations grow by 45 percent from $106.9mn, or $1.66 a share, to $159.0mn, or $2.41 a share, with overall net earnings increasing from $143.6mn, or $2.23 a share, to $163.0
  • The independent London market broker Glencairn Ltd has poached James Baird and Paul Richards from rival Jardine Lloyd Thompson Group plc, Insider Week can reveal.
  • The SEC has launched a formal investigation into the much-vaunted IPO of China Life, China’s largest life insurance company.
  • Ashok Gupta, the architect of the £50mn+ Lloyd’s sponsored Kinnect project,has been replaced, Lloyd’s revealed today (19 January).
  • A total of seven different Lloyd’s syndicates have made cash calls, including Syndicate 271, Syndicate 506, Syndicate 744, Syndicate 957 and Syndicate 1101. The due date of the cash calls is 13 February.
  • ACE USA chief executive Susan Rivera became the second most high profile casualty from the investigations into insurance industry practices following the ousting of MMC chief executive Jeffrey Greenberg in October 2004 when ACE Ltd announced her resignati
  • The world’s fifth largest broker Jardine Lloyd Thompson Group (JLT) last Thursday (8 January) announced management changes at its reinsurance arm JLT Risk Solutions.
  • Willis revealed today (12 January) that it has agreed to buy Danish reinsurance broker Kirecon A/S, headquartered in Copenhagen.