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  • Berkshire Hathaway expects to book a first quarter insurance underwriting loss of $821mn that reflects a heavy catastrophe burden of $1.67bn from the Australian, New Zealand and Japanese disasters that struck in the period.
  • Aon Corporation booked Q1 net profits up 38 percent to $246mn on the prior-year period as revenues in its Risk Solutions business rose 4 percent.
  • Japanese co-operative insurer Zenkyoren has put international reinsurers on notice with a 650bn yen ($7.9bn) preliminary loss estimate for its exposure to last month's Tohoku earthquake and tsunami, The Insurance Insider can reveal.
  • US insurance giant Liberty Mutual has completed a deal to rescue parts of Irish insurer Quinn Insurance Company Ltd (QIL), which was put into administration in March 2010.
  • London-headquartered international broking group JLT issued a positive trading statement for the first four months of the year, despite reporting a negligible effect on competitive market conditions from the string of natural catastrophes
  • Aspen Insurance Holdings has joined the slew of companies hit by first quarter natural catastrophes as it reported a net loss of $151.7mn in the first quarter
  • Expansive global reinsurance broker Guy Carpenter has signed up a trio of Towers Watson marine and energy specialists and given two existing staff new roles as it beefs up its global marine & energy specialty division.
  • The US state of Alabama has declared a state of emergency as storms hit the state yesterday (27 April), killing almost 60, according to reports.
  • Randall & Quilter (R&Q)'s top-line income expanded by 24 percent to £32.8mn for full-year 2010 as the group continued to diversify its operations
  • US personal lines bellwether Allstate lifted its property-liability underwriting result from $71mn in the first quarter of 2010 to $327mn this year, as it benefited from lower catastrophe losses