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  • Leading D&O underwriters have warned that soft market pressures and a reduction in the use of reinsurance have left the sector vulnerable to a repeat of the pain it suffered in the late 1990s and early 2000s
  • D&O underwriters need to change the way they price the excess layers on towers of insurance coverage if they are to avoid the pitfalls of past soft markets
  • Joseph Brandon - the former General Re CEO who was forced to resign amid growing pressure from US regulators over a controversial finite reinsurance transaction with AIG - can return to the industry with his reputation intact
  • Rates for US property and casualty insurance fell by 5 percent on average in January, according to the latest market barometer from Texas-based insurance exchange MarketScout
  • White Mountains Insurance Group booked an 80 percent slump in net profits from $470mn in 2009 to $87mn last year, despite a relatively strong performance in its reinsurance division
  • Aon Corp is now significantly more than a global insurance brokerage with bolt-ons, following its $4.9bn swoop for Hewitt Consulting last year.
  • US insurance group American Financial Group (AFG) reported an 8 percent year-on-year drop in full-year earnings for 2010 to $479mn due to deteriorating results from its specialty P&C operations
  • AIR Worldwide has put an estimate of insured losses from the Category 5 Cyclone Yasi that hit Australia's east coast at midnight Wednesday (2 February) at between A$350mn ($354mn) and A$1.5bn.
  • Australian insurer QBE has put its combined net cost burden from the recent flooding and typhoon activity that has hit the country at $245mn.
  • Australian insurer QBE has confirmed a deal with Bank of America that sees it pay $700mn up front for the distribution rights and portfolio of the US bank's specialist force placed business Balboa.