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  • A strong performance from Willis Group's international and London market operations ensured a healthy 29.8 percent adjusted operating margin for the global (re)insurance broker in its first quarter.
  • Fairfax Financial Holdings - roundly lauded for sector beating results in 2008 as a result of canny credit derivative bets - has fared less well in the first quarter of 2009, slipping to a $60.4mn net loss caused by its enthusiasm for equities.
  • Bermudian (re)insurer Endurance Specialty Holdings is marketing a collateralised Florida-only sidecar vehicle to provide it with additional reinsurance capacity at the fast-approaching US mid-year renewal season, The Insurance Insider can reveal.
  • Ratings agency Fitch has revised its outlook on Hannover Re from stable to negative, citing the German reinsurance giant's "weak underlying underwriting performance in 2008" and the challenging market conditions ahead.
  • 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
  • Munich Re launches separate health division; FSA approves new UK retail broker
  • 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.