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  • Marsh & McLennan Companies (MMC) president and CEO Dan Glaser has been named chairman of the Federal Advisory Committee on Insurance (FACI)
  • Berkshire Hathaway net profits for the second quarter jumped 41 percent to a new record of $6.4bn on investment gains that included the impact of selling the company's stake in Graham Holdings Company, the former publisher of the Washington Post.
  • The consortium led by Canadian investment group Westaim Corp has completed its $138.7mn acquisition of 70.8 percent of Houston International Insurance Group (HIIG) in a move first revealed by The Insurance Insider in March.
  • Share prices of P&C (re)insurers have come under sharp pressure during a tough reporting season, with many firms seeing their stock fall by mid-to-high single digits over the past two weeks.
  • Pete Chandler is leaving his post as COO of Guy Carpenter's US broking operations to head up the Western region at fellow Marsh & McLennan Companies (MMC) subsidiary Marsh, The Insurance Insider can reveal.
  • Fairfax's reinsurance arm Odyssey Re helped the company deliver top line growth in the second quarter of 2014, as a turnaround in investments helped boost the group's bottom line.
  • After another day of weak trading Aspen shares have now fallen 15 percent from their bid speculation peak, losing almost $7 a share in value.
  • The Justice Select Committee's recommendations on how the UK government should proceed with its review on mesothelioma claims should not be followed, according to a senior lawyer.
  • Global insurer Axa has bested analysts' forecasts for the first half of 2014, posting underlying earnings of EUR2.8bn and net income of EUR3bn.
  • The six-month results for UK motor insurer Direct Line revealed a 13.1 percent fall in operating profits and a 5.1 percent decrease in gross written premiums.