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  • Media reports have provided fresh background on the EUR3.25mn fine imposed by the Irish financial regulator on compatriot insurer Quinn Insurance (QIL) in 2008.
  • In the latest of a series of acquisitions designed to build up a nationwide US insurance agency business, Marsh has acquired Haake Companies through its subsidiary Marsh & McLennan Agency.
  • The 2011 US budget, published at the beginning of the month, includes proposals to disallow tax deductions for excess reinsurance premiums paid to affiliates offshore, as well as...
  • CV Starr has received an A (excellent) rating for Starr International Asia - its Hong Kong based start-up insurer.
  • The distinguished list of high-profile staff poaching disputes in the fac market can add Boston-based Liberty Mutual and its recent legal proceeding against Bermudian rival Aspen Insurance Holdings.
  • US broker AJ Gallagher saw its fourth quarter net earnings rise to $16.8mn from $4.7mn in Q4, but undershot analyst estimates as organic growth proved sluggish.
  • Willis Group has reported 2 percent organic growth in brokerage in its full-year 2009 results.
  • Aon's UK operation was the standout poor performer in the group's full-year 2009 results - posting negative organic growth of 6 percent - as global results put overall organic revenues down 1 percent.
  • US insurer Assurant's fourth quarter net income dropped 93 percent to $11.9mn, compared to $182.4mn in Q408, after it was hit by goodwill writedowns and losses in its struggling health unit.
  • White Mountains intends to restart its share repurchase programme after turning around 2008's disappointing results and beating many analyst forecasts for last year.