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  • Taking over a broker is a difficult undertaking at the best of times. The haggling over the price, the endless scrutiny of the small print, the shroud of secrecy that threatens to drop at every moment - it is a taxing and lengthy process.
  • The offshore energy market faces a possible $600mn loss resulting from damage to Maersk Oil's Gryphon floating production storage and offloading (FPSO) vessel in the North Sea earlier this month.
  • Aon Benfield has turned down the opportunity to take part in a new revolving co-broker arrangement for Florida's state-sponsored insurer Citizens Property Insurance Corporation, saying it would jeopardise its "proprietary and confidential solutions".
  • Spiller steps down from Argo; Cooper Gay loses exec committee member Kinsella; Scor channels Leathem for Lloyd's venture; Katrina, 9/11 cost Lloyd's fac writers $5.2bn; Obama honours Buffett; XL gets NY tick; Aon pays Iranian fine; Chevron $8bn Amazon fine; Scor sells annuity book; BPL to Hong Kong; Way buys mining & energy underwriter; Drop-off in credit claims boosts Euler Hermes results; Platinum increases buy-back limit; London has no exposure to Bahrain cancellation; D&O litigation rise
  • The power of public interrogation is one that we journalists know all about. We spend hours searching for the killer question that will blow the next big story wide open.
  • 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.
  • Broker Arthur J Gallagher International is in advanced takeover talks with Heath Lambert, The Insurance Insider has learned
  • Bermudian-domiciled cat specialist Lancashire's full year pre-tax profits dipped by 15 percent to $339mn as the series of international cat losses took their toll
  • Aon Benfield has turned down the opportunity to take part in a new revolving co-broker arrangement for Florida's state-sponsored insurer Citizens Property Insurance Corporation, saying it would jeopardise its "proprietary and confidential solutions"
  • Specialty managing general agent CFC Underwriting has increased its operating profit by 26 percent to £3mn for the full year to 30 September 2010