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  • Senior executive Tony Lovett has parted company with RSG Europe, the expansive start-up managing general agency (MGA) and wholesale broking subsidiary of Ryan Specialty Group, The Insurance Insider has learned.
  • Sails up at R&Q; Rule Britannia; Alterra branches out in UK; IAG motors into China; Greenlight promotes Hedges to CEO; XL Liberty sell PI to struggling legal firms; Hannover buys UK home MGA; XL builds construction team; Atrium Syndicates merge; AIG's Taiwanese pay-back; Builders insured for weather risk
  • Torus will only write property catastrophe reinsurance business as a sidecar after agreeing a deal to sell the renewal rights on its portfolio to Montpelier Re.
  • Many expected Berkshire Hathaway's talks with Transatlantic Re to be short. After all, the sage doesn't do hostile and rarely - if ever - increases his first offer. His unsolicited approach earlier this month gave Transatlantic's board the luxury of one full working day to agree to his (impossible) terms.
  • QBE's underwriting profit would have been $217mn lower this year if it had been operating under its 2010 reinsurance programme, the firm said, as it announced a $673mn gain for the first half of 2011.
  • Amlin CEO Charles Philipps has insisted that nothing has "gone materially wrong" in the firm's business, attributing first-half losses of £192mn to the vicissitudes of the sector.
  • Amlin reported a half-year pre-tax loss of £192.3mn on catastrophe claims of £314.3mn, weeks after a profit warning led analysts to question its star stock status among Lime Street insurers
  • Torus will only write property catastrophe reinsurance business as a sidecar after agreeing a deal to sell the renewal rights on its portfolio to Montpelier Re
  • London-based insurance services firm Charles Taylor Consulting reported a £2.6mn profit for the first half, down more than 50 percent from £5.7mn in the same period last year
  • QBE took an extra $250mn in catastrophe losses in June to push total losses for the half-year over the $1bn mark