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  • Florida-headquartered independent broker Brown & Brown (B&B) has reiterated its commitment to acquire other agencies as it revealed that Q1 revenues declined 4 percent.
  • American International Group (AIG) is pondering legal action against Goldman Sachs and its Wall Street peers as the Securities and Exchange Commission (SEC)'s fraud charges stir up a hornet's nest of potential litigation.
  • Bermudian property casualty (re)insurer Endurance Specialty Holdings has promoted former chief property officer, Thomas Asquino, to chief underwriting officer of property and casualty at its worldwide reinsurance unit.
  • Beleaguered Canadian-headquartered motor insurer Kingsway Financial Services has replaced its president and CEO Colin Simpson - who was nominated to the role by Kingsway's majority investor, Stilwell Group in 2008 - with fellow Stilwell nominee Larry Swets.
  • Prudential's shares have fallen 12 percent as the market digests its ambitious takeover deal of pan-Asian life insurance business American International Assurance (AIA) for $35.5bn in cash and shares.
  • UK multinational life insurer Prudential has suspended trading of its shares on the London stock exchange after entering into a definitive agreement to buy pan-Asian life insurance business American International Assurance (AIA), in a deal worth some $35.5bn.
  • In a move that will bring the total risk placed into the capital markets in 2010 to $850mn, North Carolina's state-backed catastrophe insurance plans - the Joint Underwriting Association and the North Carolina Insurance Underwriting Association, (NCJUA/IUA) - are to bring a $200mn wind catastrophe bond to market.
  • Rating agency AM Best has revised its outlook on Bermudian reinsurer Ariel's start-up subsidiaries, Valiant Insurance and Valiant Specialty, from stable to negative, as soft market conditions in the US continue to hit the unit's premium volume.
  • The National Australia Bank (NAB) has six weeks to make a comeback with a restructured deal for Axa Asia Pacific or its agreed acquisition will lapse.
  • ACE Bermuda names Gonsalves and Towlson as executives; Roberts to head international business for Ace Tempest; Allied World expands environmental team; Pru appoints UK chief to spearhead AIA integration; Dual appointment for Lloyd's broker; Skills council selects new chairman...