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  • Charles Taylor Consulting Plc is understood to be closing in on a deal to buy straitened Axiom Holdings Ltd at a significant discount to the $40mn that private equity firm RJD Partners paid for the outsourcing company in 2004.
  • Towers Perrin has recruited Benfield Group's Dutch reinsurance broking duo Stephen Martin and Rolf Horst following the firm's recent £935mn acquisition by Aon Corp.
  • Blue chip Lloyd's (re)insurer Amlin plc offered a bullish outlook for 2009 as it reported pre-tax profits that fell 70 percent from £445mn in 2007 to £121.6mn last year, with a relatively strong underwriting performance dragged down by its investment retu
  • Guy Carpenter has agreed a deal to buy its smaller rival reinsurance broker John B Collins (Collins).
  • American International Group's (AIG) fourth quarter and full-year 2008 figures make for extraordinary reading.
  • Class of 2005 start-up Lancashire Holdings has posted better than expected full-year 2008 results, posting net profits of $97mn as both investment income and underwriting continued to contribute to the bottom line over the year.
  • Pre-tax profits at blue chip Lloyd’s (re)insurer Amlin plc fell more than 70 percent from £445mn in 2007 to £121.6mn last year as a relatively strong underwriting performance was dragged down by its investment return.
  • The Association of Run-off Companies (ARC) said that total liabilities in the UK non-life run-off market declined to £28.3bn in 2007, compared to £32.7bn in 2006, marking a sustained "downwards trend in UK run-off liabilities".
  • UK regulatory body Financial Services Authority (FSA) has warned that its endorsement of proposed schemes of arrangement is not a "foregone conclusion" and it will continue to push back on "arbitrary formulaic offers" that do not sufficiently protect poli
  • Fitch Ratings upgraded the class B notes of Brit Insurance's three-year catastrophe swap deal Fremantle, as the likelihood of a loss is diminishing with the risk period moving closer to completion.