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  • Willis has shrugged off the soft market to post a 10 percent increase in Q1 operating income to $301mn, as it succeeded in growing organic revenues across its business.
  • Munich Re is confident it will deliver "a clear profit" for the first three months of the year when it reports on 7 May, despite first quarter catastrophe losses approaching $1bn.
  • Randall & Quilter Investment Holdings (R&Q) booked a net loss of £170,000 in 2009, down from a £9mn profit a year earlier, after settling to end litigation against Equitas over LMX liabilities.
  • Everest Re posted a net loss and a substantial deterioration in its combined ratio for the first quarter, reporting an increase of almost 36 percentage points following large catastrophe losses.
  • (Re)insurer Aspen has seen profits drop in the first quarter after insured catastrophic events in France, Australia and the US took their toll.
  • Florida CFO Alex Sink has written to the state's Office of Insurance Regulation (OIR) commissioner Kevin McCarty questioning the regulator's decision to remove requirements for property insurers to maintain a specific level of cat reinsurance.
  • Marsh UK has announced that the axe is about to fall on staff as it pushes through the integration of HSBC Insurance Brokers (HIBL), but is unwilling to disclose the likely number of redundancies.
  • Audley Gilroy-owned legacy (re)insurer Scottish Lion has been sold to Berkshire Hathaway in an unexpected deal that closed last night, The Insurance Insider can reveal.
  • Scor's first quarter property and casualty (P&C) combined ratio deteriorated to 108.6 percent from 99.4 percent over the same period last year, following large losses from the Chilean earthquake and Windstorm Xynthia.
  • Global (re)insurer QBE has unveiled large risk and catastrophe claims totalling A$470mn ($430mn) for the year to date, up from an estimated net $430mn ($394mn) for the same period in 2009.