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  • State governor Charlie Crist is still yet to decide whether he will veto an industry-backed insurance bill voted through in the dying moments of the Florida State legislative session at the end of April.
  • US reinsurance broker TigerRisk Partners has hired the former RK Carvill duo Stephen Breen and Patrick Gonelli to form a retro trading desk.
  • Independent US broker Burns & Wilcox has abandoned its attempt to acquire a controlling stake in London market broker Besso Group, The Insurance Insider can reveal.
  • Independent London wholesale brokers - already under pressure because of the soft market - will be sweating on the future of around $250mn of business that they currently place for AmWINS in London, following its merger with competitor Colemont.
  • Over the last 12 months, as an offshoot of our London One Hundred senior executives quarterly events club, The Insurance Insider has been involved in putting together proposed reforms to the tax treatment of the London (re)insurance market to make the UK more competitive as a domicile.
  • Ryan Specialty's raid last week on CRC was a massive story that caught the imagination of the marketplace.
  • Dedicated microinsurance fund LeapFrog Investments has received a further $25mn to bring its total funds under management to $137mn.
  • Despite a cat-driven 77 percent fall in the underwriting profits of its general insurance division, Zurich Financial Services' (ZFS) investments helped it to post net income approaching $1bn in Q1.
  • Bermudian (re)insurer Endurance grew its reinsurance business significantly in the first quarter, reporting a 36 percent increase in gross written premium (GWP) relative to Q1 2009.
  • International specialty (re)insurer Catlin Group has reported divergent Q1 premium growth performance, as it grew business strongly in Bermuda and at other locations from its main London hub while shrinking premium volumes written from the UK.