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  • 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.
  • A US district judge has dismissed an investor lawsuit against reinsurance giant Swiss Re that accused it of being responsible for $1.1bn in losses from derivatives by failing to disclose risks.
  • Crawford marine hire; BMS in Philly; Fineos' London hire...
  • Ruxley Ventures, the UK-based specialist insurance investment boutique, has received the go-ahead from the Canadian regulator to transfer a legacy book to German run-off acquirer Global Re, The Insurance Insider can reveal.
  • The London market directors' and officers' (D&O) insurers that placed the coverage for Stanford Financial Group (SFG) and several of its executives are resisting paying a further $3.2mn in legal fees.
  • French investment bank Société Générale says its new contingent capital facility is a long-term solution rather than a response to insurers preparing for a possible market-turning large catastrophe.