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  • Aon Ltd has become so synonymous with Dennis Mahoney - effectively the chief executive of its London operations since 1984 - that until recently it was difficult to imagine the two apart.
  • Excess capital in the reinsurance market is continuing to push down global rates dangerously close to loss-making territory, according to broker Guy Carpenter.
  • Short-tail specialist Cathedral Underwriting has become the latest Lloyd's (re)insurer to rein in its 2010 expansion plans because market conditions are not as buoyant as initially expected.
  • Anxious investors are awaiting the release of fourth quarter results from a number of banking groups this week, with concern mounting over the size of sub-prime related losses yet to come to light in the banking system.
  • Bermudians Alterra Capital and Montpelier Re have both reported solid Q3 profits and increases in the writings of their Lloyd's operations.
  • Legislation to extend the US National Flood Insurance Program (NFIP) will go before President Obama to be signed into law after gaining approval on Capitol Hill last week.
  • Lloyd's has ordered dedicated UK motor underwriter Equity Syndicate 218 to increase the amount of underwriting capital that it puts up by around a quarter following recent revelations of under-reserving in heavy loss-making years.
  • Hardy Underwriting, which last week confirmed a takeover deal with CNA Financial, is set to take a $25mn gross loss on one of the largest direct and facultative (D&F) losses to stem from last year's Thai flooding, sister title Inside FAC revealed last week.
  • Audley Gilroy-owned legacy (re)insurer Scottish Lion has been sold to Berkshire Hathaway in an unexpected deal that closed last night, The Insurance Insider can reveal.
  • The growing intolerance of corporate bribery was demonstrated last week with the PWS Costa Rica saga ending in the imprisonment of the CEO of a once leading London market reinsurance broker.