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  • Price Forbes' full-year 2009 accounts show that the London market wholesaler returned to profit after interest payments dragged it to a loss in 2008.
  • The merger between Cooper Gay and Swett & Crawford did not trigger change of control provisions in the latter's $415mn debt facility, saving it from the need to carry through a potentially costly refinancing operation, The Insurance Insider can reveal.
  • The Taiwanese financial regulator has vetoed American International Group's (AIG) proposed $2.15bn sale of its life insurance segment, dealing a blow to the US insurer's efforts to repay its debt to the government.
  • Warren Buffett, as he celebrates his 80th birthday, has signalled his intention to treat himself to the remaining 19.9 percent of Wesco in a deal that could cost Berkshire Hathaway $500mn.
  • Lloyd's insurer Chaucer suffered a difficult first six months of 2010 as it announced pre-tax profits down by 59 percent last week to £7mn on a combined ratio of 105 percent.
  • White Mountains became the latest Bermudian to beef up its share repurchase programme last week, as (re)insurers continue to take advantage of depressed valuations to deploy idle capital.
  • Investors should buy cat-exposed reinsurance stocks at the September peak of the US hurricane season rather than batten down the hatches and steer clear of the sector until the storm threat passes.
  • Lloyd's insurer Omega Insurance Holdings has reported a maiden loss in the first half of the year as the heavy toll from man-made and natural catastrophes and reserve strengthening pushed the group into the red for the first time.
  • After a five-year flood of UK specialty (re)insurers domiciling away from their home country Chaucer's revelation that, following a strategic review, it is to stay put in the UK is a welcome development to the impoverished HM Treasury.
  • It is often said that if you have a great underwriting team, the timing of a start-up (re)insurer is immaterial - soft markets or hard markets may affect its initial growth prospects, but should make no difference to its long-term chances success or failure.