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As political unrest continues to roil the Middle East, Willis Re today announced the appointment of Atish Suri as Divisional Director of Dubai.

The ACE Group of insurance and reinsurance companies said it has been granted a license from the Dubai Financial Services Authority to establish a wholly owned subsidiary in the Dubai International Financial Centre.

The discovery of two bombs destined for Chicago from Yemen, but intercepted on cargo planes in Dubai and Britain, will not have a huge impact on the global aviation market, but the event has spurred discussion about supply chain risk assessments.

Zurich Financial Services Group said it has agreed to buy Lebanese insurer Compagnie Libanaise D'Assurances SAL as part of its Middle East expansion.

While much has changed for two members of the Bermuda Class of 2005, underwriting discipline grounded in analytical models remains a central strategy.

Airline insurance pricing is moderating this year, with single-digit increases replacing last year's double-digit hikes, according to insurance broker Aon Corp.

Willis Group Holdings has appointed Scott Pickering as chief executive officer, Russia, Eastern Europe, the Middle East and South Africa.

American International Group Inc. said it had an agreement to sell American Life Insurance Company to MetLife Inc. for approximately $15.5 billion.