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  • Surinder Beerh has resigned as head of Colemont's London market and international operations six months after its parent company merged with US wholesaler AmWINS.
  • AJ Gallagher's organic growth dipped over the first nine months of 2010, with the broker reporting a 1.9 percent decline in organic commissions and fees, supplemental commissions and contingent commissions.
  • Aon Corporation's continuing broking operations shrunk in the first nine months of 2010 as organic revenues declined by 2 percent, prompting the company's share price to fall below $40.
  • Willis Group achieved 4 percent organic growth in the third quarter as increases in new business and client retention countered adverse soft market conditions.
  • Willis Re is losing Colin Kiddie, who headed the firm's ILW operations, to rival Guy Carpenter only a week after promoting the executive to head its specialty business.
  • Cat bond sponsors Swiss Re and Axa closed their latest bond issuances above initial sales targets, as insurance-linked securities (ILS) investors scurried to pick up diversifying assets after a higher than usual concentration of peak US hurricane sales earlier this year.
  • American Family Mutual Insurance, one of the largest mutual property and casualty insurers in the US, is bringing a cat bond to the market for the first time.
  • International property cat reinsurance is continuing to be a source of woe for underwriters, with the pile-up of 2010 losses doing little to affect soft market conditions in the sector.
  • A major systemic casualty clash loss is a likelier catalyst for market cycle change than a property catastrophe, according to Aon Benfield Analytics CEO Stephen Mildenhall.
  • The soft market enveloping the global reinsurance industry is placing increased pressure on underwriters to loosen terms and conditions of cover.