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  • The hard-pressed airline market showed signs of recovery at the 1 April renewals with rates rising by as much as 10 percent on some major airline accounts, according to underwriting sources.
  • Berkshire Hathaway revealed first quarter net profits dropped by around 64 percent to $940mn from $2.6bn in the prior-year period.
  • The UK broking sector is set for further M&A activity after consolidator Giles Insurance Brokers Ltd was handed a £500mn acquisition fund following private equity fund Charterhouse Capital Partners' buyout of the firm.
  • The website of Aon, the world’s second largest broker, is quite something. Not once is there any mention of either broker or broking. Aon, like its great rival Marsh, has seen the future and broking is a dirty word.
  • October was another eventful month for beleaguered Lloyd's insurer GoshawK, yet its future looks no less certain. Chief executive Chris Fagan denied suggestions that the management were considering a buy-out - telling The Insider “there is no truth in
  • GIC Re, the reinsurance arm of the Indian state-owned General Insurance Corporation (GIC), is setting up a natural catastrophe pool for local African and Asian (re)insurance companies.
  • Despite cutting back its full year profit target, the world’s largest reinsurer Munich Re saw its share price rise on the back of strong third quarter earnings.
  • Gallagher UK is poised to buy the agency operations of London-headquartered Oxygen Holdings plc, The Insurance Insider can reveal.
  • A Financial Services Authority (FSA) decision not to mandate broker commission disclosure in the UK wholesale market has been met by a polarised reaction from trade associations representing UK brokers and large buyers of insurance.
  • US broker Arthur J. Gallagher has announced the acquisition of London-based underwriting agency Oxygen Insurance Managers Ltd, from its broker parent Oxygen Holdings Plc, as previously revealed by The Insurance Insider.