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  • Expansive international specialty broker Colemont Insurance Brokers Limited has hired two former aviation executives from Aon, The Insurance Insider has learned.
  • AJ Gallagher UK is in advanced talks to acquire London market broker First City Insurance Group Limited (FCIG), The Insurance Insider can reveal.
  • A new report by reinsurer Swiss Re has highlighted how insurers can withstand the effects of financial crises in emerging markets by having a sound capital base and efficient asset-liability management.
  • Listed Lloyd's (re)insurer Novae has entered due diligence with its peer Omega with a view to a possible merger, The Insurance Insider can reveal
  • Moody's Investors Service has put $67.5mn of the notes on Glacier Re’s $180mn Nelson Re cat bond on review for a possible downgrade after the (re)insurer significantly upped its Hurricane Ike loss estimates.
  • Swiss Re has criticised earthquake models for failing to give sufficient weight to secondary loss agents such as tsunami and liquefaction.
  • Swiss Re shares slid more than 6 percent to SFr82.30 after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.
  • "Class of 2005" insurer Lancashire Holdings Ltd has taken advantage of a favourable credit environment to refinance an existing $350mn letter of credit facility.
  • Fitch Ratings has upgraded the insurer financial strength ratings of UK insurer Aviva plc’s non-life firms to AA.
  • The Hanover Insurance Group reported an earnings beat as the company highlighted accelerated price increases across its commercial and personal lines insurance segments.