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  • AJ Gallagher International is on the brink of acquiring Woodbrook Underwriting Agencies as a compliment to its proposed takeover of Heath Lambert, The Insurance Insider can reveal
  • Andrew Agnew, who resigned as chairman of Jardine Lloyd Thompson (JLT)'s London market operations in September, is to join Arthur J Gallagher International as chairman
  • Billion dollar losses from New Zealand are again likely for the reinsurance community after a magnitude 6.3 earthquake struck Christchurch, killing at least 65 people
  • Broker Arthur J Gallagher International is set to close its acquisition of Heath Lambert next month and will immediately look to introduce an underwriting engine to channel the UK retailer's powerful book of business.
  • A credit insurance industry lobby group has released a market code of conduct to address the breach of trust it says arose between insurers and clients after the financial crisis.
  • The US insurance industry is facing another prolonged lobbying war after plans outlined in the Obama administration's budget proposed disallowing tax deductions for international reinsurance companies ceding their US business to offshore affiliates.
  • The UK Ministry of Justice expects progress within weeks on Lord Young's recommendations for reforming the health and safety requirements that insurers place on small businesses and the voluntary sector.
  • Cat bonds performed strongly in 2010, according to Swiss Re's basket of indices for the asset class, with the reinsurer hailing strong performance indicators as a sign the market has fully recovered from the financial crisis.
  • Cat bond sales have made a strong start to 2011, with industry stalwart Swiss Re completing its largest ever Successor note issue and US insurer The Hartford closing its latest Foundation Re bond oversubscribed.
  • Hyperion Insurance Group is working towards a potential initial public offering (IPO) in 2012 if and when a market valuation of £250mn can be met, according to its CEO.