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  • AJ Gallagher UK is in advanced talks to acquire London market broker First City Insurance Group Limited (FCIG), The Insurance Insider can reveal.
  • A tie-up between Aspen Insurance Holdings and fellow Bermudian group Ariel Holdings could be completed by year-end, and may eventually cause the spin-off of Ariel's well-regarded Lloyd's unit Atrium, The Insurance Insider can reveal.
  • Record size expansion largely to accommodate sterling weakness
  • As an industry renowned for snatching defeat from the jaws of victory we perhaps feel we owe ourselves a collective slap on the back for our sensible navigation of the labyrinthine survival course of the last 12 months. We have witnessed asset bubble implosions, paid near record cat losses, sidestepped a counterparty credit crisis and seen our balance sheets rebound with a robust snap.
  • Few could have imagined that by the third quarter of 2009 the subject of share repurchases would play such a lead role in earnings calls.
  • With Central and Eastern Europe mired in economic crisis, insurers face total industry loss exposures of $2.5bn.
  • Bermuda is once again consumed with talk of consolidation among the class of 2005 reinsurers, as the market heads into a pricing downturn after a bumper cat-free year, The Insurance Insider reports from Hamilton.
  • The US House Financial Services Committee has approved a bill to set up a federal government office monitoring the insurance industry for the first time.
  • Perils AG, established this year to aggregate and provide industry-wide European catastrophe insurance data, haslaunched its industry loss index service for European windstorm events.
  • UK run-off manager Randall and Quilter (R&Q) has received regulatory approval from the Financial Services Authority for its acquisition of RK Carvill’s broking portfolio.