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  • The strong dollar has hit Aon's first quarter, with broking revenues down 1 percent at $1.55bn, despite strong growth in reinsurance income from its newly acquired Benfield Group.
  • American International Group (AIG) affiliate Transatlantic Holdings saw first quarter pre-tax profits fall from $145.2mn to $90.3mn, as it took $60.6mn in realised net capital losses in the period - up from the $15.1mn writedowns it recorded in the prior-
  • RenaissanceRe (RenRe) added to the roll call of international underwriters to secure a Lloyd's platform after receiving approval from the Franchise Board for Syndicate 1458, in a move first revealed by The Insurance Insider.
  • Troubled US insurer The Hartford Financial Services Group has slumped to a $1.2bn first quarter net loss, as it took a heavy charge to reflect the impact of equity market declines on future profits in its life operations.
  • Ruxley appoints Juliette Stevens as director and general counsel; QBE takes K&R specialist from Hiscox; Colemont unveils new property head
  • Broker Marsh has received approval from the respective regulatory authorities to establish protected cell captive (PCC) insurance facilities in Washington and the Isle of Man.
  • Texas-based HCC Insurance Holdings has commuted the reinsurance contract it signed with Mortgage Guaranty Insurance Corporation (MGIC) Investment in June last year.
  • German insurance giant Allianz says it expects to post a drop in first quarter operating profit of EUR900mn to EUR1.3bn compared to the same period in 2008.
  • Arthur J Gallagher & Co posted net income of $26.4mn for the first quarter of 2009 - a turnaround from the $6mn loss it recorded in the same period last year.
  • UK-listed broker Jardine Lloyd Thompson Group (JLT) reiterated its view that there is "no significant consistent evidence"of hardening insurance rates across the market overall.