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  • Randall & Quilter (R&Q) weathered a brutal year for acquirers of run-off (re)insurance businesses to post a profit before tax of £8.8mn for 2008 and an 8 percent growth in net assets.
  • American Financial Group raised its 2009 earnings projection after posting "record" first quarter net earnings of $103.8mn.
  • Ambitious London market broker Cooper Gay has reported a 22 percent rise in 2008 revenues to £83mn, up from £68.1mn in 2007, fuelled by the arrival of new broking teams.
  • Expansive Bermudian (re)insurers Flagstone Re and Validus Holdings booked increases in net profits for the first quarter, but reported conflicting fortunes on their underlying business.
  • Global reinsurer Hannover Re produced solid results for Q1 2009 and declared an end to the worst of the financial crisis, as net earned premiums surged ahead 24.6 percent to EUR2.1bn.
  • Munich Re launches separate health division; FSA approves new UK retail broker
  • RBS Insurance (RBSI) is overhauling its sluggish broker-only insurer NIG in a bid to cut costs and drive down its combined ratio, which compares poorly to the firm's other underwriting operations.
  • German reinsurance giant Munich Re will realise a gain of approximately EUR107mn in the second quarter after shedding 4.9 percent of its 15.1 percent stake in Cardiff-based Admiral Group.
  • Reinsurance broker JLT Re has taken advantage of talent leaving the recently formed broking giant Aon Benfield by appointing two senior executives to bolster its New York and Chicago operations.
  • American International Group (AIG) has moved to calm the choppy waters around the unwinding of its doomed financial products business (AIGFP) by persuading a senior executive at the division to reverse his resignation in order to avert potential legal act