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  • Troubled Australian insurer Insurance Australia Group (IAG) has returned to profit for the full financial year to 20 June 2009 - posting a net gain of A$181m, compared to a loss of A$261mn in FY2008.
  • In an era of increased globalisation, "understanding and preparing for political violence has arguably never been more important for business", according to Lloyd's chairman Lord Levene, at the launch of a new report on terrorism.
  • Attendees at the inaugural Trading Risk awards on the 25 June were a combination of convergence industry veterans and relative newcomers.
  • Contrasting performance on organic growth was highlighted by analysts as Arthur J Gallagher & Co (AJG) and Hilb, Rogal & Hobbs (HRH) reported total revenues up for the second quarter.
  • It's not often that brokers find themselves praising their IT providers but that is exactly what occurred with Willis Group this week.
  • European reinsurer Scor said first quarter profit declined 30 percent to EUR93mn, as investment writedowns combined with the impact of European Windstorm Klaus.
  • Stephen Way has become the latest "A list" US insurance executive to suddenly resign from his company following regulatory scrutiny into its activities.
  • Spanish (re)insurer Mapfre reported a 5.2 percent slide in year-on-year net profits for the first nine months of 2010 to EUR704.5mn, although revenues grew over the period by 9.2 percent to EUR15.7bn ($21.7bn).
  • Major brokers Aon Corp and Willis Group Holdings have welcomed the seven-year extension of the Terrorism Risk Insurance Act (TRIA) that was signed into US law by President Bush on 26 December.
  • Aspen Insurance Holdings has joined the slew of companies hit by first quarter natural catastrophes as it reported a net loss of $151.7mn in the first quarter