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  • Omega Insurance Holdings Ltd Lloyd’s Syndicate 958 has withstood the impact of hurricanes Katrina Wilma and Rita to post a profit for 2005, maintaining its pedigree of a pure underwriting profit in every year it has traded since its launch in 1980.
  • Investors approved of Kiln's decision last week to return £60mn of capital to shareholders - part financed by the sale of its 20 percent interest in US insurer WR Berkley's European operation.
  • French insurance giant AXA's UK subsidiary has continued its acquisitive march through the UK broking landscape with an accepted offer to buy 100 percent of broker SBJ Group Ltd for £158mn.
  • Lloyd's insurer Kiln predicted improvements for three of its four syndicates when it updated its syndicate forecasts today (31 May).
  • Randall & Quilter's appetite for acquisitions shows no sign of waning with the group's founding CEO Ken Randall eyeing "numerous opportunities".
  • Aon Corp is poised to invest in Sharebridge Holdings, the soon-to-be launched vehicle that aims to funnel the vast insurance spend of companies controlled by the private equity industry, The Insurance Insider can reveal.
  • Principle Insurance Company Ltd is to launch as the first dedicated British takaful provider after receiving authorisation from the FSA.
  • MMC is facing the prospect of a further, unwelcome regulatory probe as the New York Attorney General Elliot Spitzer examines commission payments charged by insurance intermediaries such as Marsh, the world’s largest insurance broker.
  • Shareholder backed Brit the only bidder after breaking PRI board’s resolve The board of UK insurer PRI finally succumbed to the weight of Brit pressure on 17 April when it agreed to recommend the insurer’s all share offer to its shareholders. Approval
  • Global trade credit insurer Coface has declared an end to the global credit crisis of the last two years, but warned of the high risks that debt, asset and capacity bubbles pose to the recovery.