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  • Swiss Re CFO George Quinn has underlined the reinsurer's priorities: first secure a return to the Standard & Poor's (S&P) AA rating level it lost in February and then strive to redeem the Berkshire Hathaway investment.
  • Berkshire Hathaway will take 100 percent ownership of US freight railway operator the Burlington Northern Santa Fe Corporation (BNSF) in a cash and share deal worth $44bn - the largest transaction in the firm's history.
  • Morgan Stanley and UBS are joint advisors for the Royal Bank of Scotland (RBS)'s restructuring plan, which includes the shedding of its European P&C insurance operations, RBS Insurance (RBSI).
  • The president and COO of US-based independent retail insurance brokerage Frank Crystal & Company has left the firm, The Insurance Insider has learned.
  • The founding CEO of up-for-sale Glacier Group, Robbie Klaus, resigned from the (re)insurer last Thursday (29 October) with immediate effect.
  • Axis Capital will become the latest in a long line of (re)insurers to post its third quarter results today but its disclosures are likely to be particularly scrutinised by investors.
  • Improved underwriting profit drove a 20 percent increase in third quarter net earnings to $562.4mn for Canadian investment conglomerate Fairfax Financial Holdings, compared to $467.6mn during the same period in 2008.
  • The tortuous £5bn+ sale auction process for RBSI - the Royal Bank of Scotland’s European P&C insurance operations - will be revisited after the UK government, which is the bank's largest shareholder, decided to place the business up for sale.
  • The departure of Heath Lambert managing director Mike Bruce after 11 years with the company has left both an open position and questions over the future of his significant shareholding in the privately owned UK broker.
  • Lockton International has won a significant treaty reinsurance programme in the form of Hawaii-based specialty property insurer Zephyr Insurance Company, The Insurance Insider understands.