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  • London-headquartered wholesale and reinsurance broking group Cooper Gay Swett & Crawford (CGSC) turned 2010 pre-tax losses of $8.5mn into $69mn of underlying pre-tax profits in its first full year reporting as a combined entity.
  • Rates in the onshore energy market are expected to experience modest increases during second quarter renewals, with the surprise $486mn settlement for the Alberta Horizon oil sands upgrader loss making such an outcome increasingly likely
  • Ryan Specialty Group has struck a deal to acquire excess and surplus (E&S) lines managing general agency (MGA) WKFC Underwriting Managers for an undisclosed sum as it continues to build out its platform in the US.
  • Independent London market broking house RK Harrison registered strong top and bottom-line growth in the 12 months to 30 June 2011
  • Brit Insurance Ltd (BIL) has had its "A" Fitch financial strength rating placed on rating watch negative following its parent's decision to sell renewal rights to rival QBE and put the legacy business into run-off
  • The loss-struck onshore energy market has received a significant boon as the Alberta Horizon oil sands loss - widely regarded as the sector's single largest loss last year - settled for substantially less than expected.
  • The Hartford climbs on $2.4bn Allianz repurchase; Costa Concordia $851mn; Flagstone sells; Lloyd's saps Sagicor; New York Cosmos; AIG repays; Singapore beefs up rules...
  • Randall & Quilter (R&Q) and Tawa have expressed differing views on run-off acquisitions in the past month, illustrating a notable shift in the sands of the UK legacy market
  • The run-off heavyweight's net earnings took just a 3 percent knock after completing five transactions and receiving a sizeable investment from Goldman Sachs
  • The US National Flood Insurance Program is set to record an underwriting profit for 2011 despite the heavy flooding triggered by the Atlantic windstorm season and the spring flooding of the Mississippi