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  • Aon founder Pat Ryan is continuing to build out his network at new venture Ryan Specialty Group with the acquisition of boutique wholesale broker McAuley Woods & Associates.
  • Acquisition pricing for run-off insurers compared to their net asset value (NAV) dropped in 2009, according to KPMG's annual UK non-life insurance run-off survey.
  • Family-owned London market wholesaler CJ Coleman reported full-year profits of £717,000 for last year, as it recovered from the £1.7mn of legal costs paid in 2008 after a bitter poaching dispute with BMS.
  • Zurich Financial Services Group (ZFS) has agreed to pay $455mn to settle a class action suit brought in California against its Farmers Group subsidiary (FGI) and a further $90mn in legal fees.
  • Munich Re has introduced a long-term warranty insurance product to cover the performance of solar panels in the US. The product is part of a growing stable dedicated to renewable energy technology.
  • Pre-tax profits at AJ Gallagher's UK arm almost doubled in 2009, as it slashed costs and enjoyed modest revenue growth.
  • The global P&C market is set to sidestep the multi-million dollar clean-up and liability costs arising from the catastrophic chemical spill yesterday in Hungary, our sister title Inside FAC has learned.
  • The UK High Court has today (6 October) sanctioned the solvent scheme of arrangement of the English and American Underwriting (EAUA) Pools, The Insurance Insider can reveal.
  • Besso slumped to a post-tax loss of £92,000 in 2009, offering further confirmation that London's independent wholesalers face a hard slog in an enervating soft market.
  • Small agents are facing a squeeze from larger rivals in the soft market bloodbath of the US property and casualty (P&C) insurance industry.