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  • Q Re is closing for business after billionaire backer George Soros elected to pull funds from the collateralised reinsurer as he continues his retrenchment from the sector.
  • Jardine Lloyd Thompson has reached an agreement to merge its Italian operations with Italian broker Marine & Aviation SpA (M&A) as it continues its strategy of creating partnerships on the continent.
  • Markel International's joint managing director of its professional liability division David Jones has parted company with the business, The Insurance Insider can reveal.
  • The US Treasury department has announced the fifteen members of the Federal Advisory Committee on Insurance, which includes Brian Duperreault, president and CEO of Marsh & McLennan Companies and Lloyd's General Counsel and director of North America, Sean McGovern.
  • A report by the US government spending watchdog has raised fresh questions over whether regulators involved in the bailout of AIG in 2008 paid suitable regard for minimising the cost and risk facing the taxpayers picking up the bill.
  • Finance ministers should not hinder the insurance industry's ability to support economic growth and development during the current market turbulence through a knee-jerk response to financial regulation, says the Geneva Association
  • Broker Marsh reported 6 percent organic growth within a 12 percent rise in third quarter revenues to $1.2bn, driven by strong underlying growth in its non-US operations
  • Bermudian (re)insurer Alterra has managed to pull its 2011 results into the black after posting a $48.4mn Q3 profit, taking its nine-month income up to $34.3mn from a $14mn loss at the half-year
  • HCC Insurance Holdings posted third quarter net income of $60.4mn on a lowly combined ratio (CR) of 92.8 percent, but its results were hit by previously announced heavy reserve strengthening in its diversified financial products division
  • Declining investment returns and modest H1 loss creep weighed on Axis Capital's third quarter results, but the (re)insurer was still able to report net income of $212mn compared to $239mn a year earlier