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  • Willis's reinsurance arm has merged its continental European and UK property and casualty businesses, while creating a specialty casualty practice that will operate globally.
  • Specialist broker Price Forbes & Partners has officially launched its new reinsurance division with Paul Bumpstead at the helm, as tipped by The Insurance Insider earlier this year
  • Broker Towers Watson has made three new hires to its London reinsurance team, signing up John Weedon, Dan Bailey and David Tuttlebee from Lloyd's broker Walsham Brothers.
  • Miller Insurance Services' underlying profits climbed by 13 percent in the 12 months to the end of April, as the company outperformed the majority of its broker peers, according to its annual accounts.
  • US retail broker Brown & Brown's third-quarter net profit climbed 8.1 percent from a year earlier to $44.3mn, although for the first nine months income remained at $129.6mn as prices weakened.
  • Privately held Lloyd's underwriter Cathedral Capital's Syndicate 2010 is likely to turn a profit this year despite the high natural catastrophe toll in the first half, according to ratings agency AM Best.
  • The recession may not have spiked professional indemnity (PI) claims to the levels originally feared - but rising levels of small-level claims are bruising PI insurers.
  • The number of firms in the safety-net pool for solicitors' professional indemnity (PI) insurance has ballooned to 383 this year from 275 the year before.
  • The UK P&I Club, one of the largest of the shipowner mutuals, will pursue another 5 percent general increase in shipowner premiums for 2011.
  • The Asia-Pacific region has arguably the greatest global exposure to catastrophes but only buys around 22 percent of the total catastrophe excess of loss reinsurance purchased worldwide, broker Guy Carpenter has estimated. 
  • When shares in American International Group's (AIG) pan-Asian life insurance operation AIA begin trading on the Hong Kong Stock Exchange on Friday (29 October) they could yield the government-owned insurer as much as $20.5bn.
  • ICAT, the Lloyd's-backed US cat underwriter for Syndicate 4242, has announced its takeover by private equity-backed special vehicle Paraline.
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