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  • Independent London Market wholesaler Price Forbes increased its pre-tax profits by 19.5 percent to £2.9mn in 2010, despite the continuing soft market, the firm's accounts filed at UK Companies House reveal.
  • UK-based (re)insurer Brit Insurance may make up to 100 staff redundant as it looks to outsource back-office services, The Insurance Insider understands. This comes just four months after new private equity owners CVC and Apollo took control of the company.
  • Since we wrote last week the three-way tussle for Transatlantic Re has moved on apace. In précis, in the last few days the Transatlantic board has agreed to talks with Berkshire Hathaway subsidiary National Indemnity while the other bidders reached for their lawyers.
  • Davis Selected Advisors - the Arizona-based fund that will play a decisive role in the race for Transatlantic Re - has filed with the New York Insurance Department to lift voting restrictions on its holding in the US reinsurer
  • Crawford appointed E&Y global insurance leader; Fitch upgrades Louisiana Citizens debt; Cooper Gay Swett & Crawford appoints first Group CIO; Another day, another legal merger; Ironshore launches commercial crime unit; Ironshore launches commercial crime unit; Kane opens Vermont captive
  • It's been a tough week or so for London. Whether it's riots on the streets or panic in the City, there have been a lot of fires to put out. Yet London's insurance sector remains resiliently well placed to lead the market's recovery
  • Transatlantic Holdings has opened the door wider to Berkshire Hathaway by entering a confidentiality agreement and beginning discussions with the investment giant's National Indemnity Company (NICO) subsidiary.
  • UK-based (re)insurer Brit Insurance may make up to 100 staff redundant as it looks to outsource back-office services. This comes just four months after new private equity owners CVC and Apollo took control of the company, The Insurance Insider understands.
  • The political instability in the Middle East and North Africa following the Arab spring of 2011 has led local reinsurer Arig to question whether strike, riot and civil commotion (SRCC) cover is an insurable peril in the region
  • American International Group (AIG) has threatened to sue Goldman Sachs over mortgage-related offerings, the Wall Street bank revealed in aquarterly filing with the SEC on Tuesday 9 August