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  • The latest stock exchange announcement from UK-listed Thompson Heath & Bond (THB) shows the broker is firmly on track to complete its £32mn sale to US wholesaler AmWins in January
  • Hurricane hit Bermudian reinsurer PXRE Group has bought $300mnn of reinsurance protection via a catastrophe bond following the third quarter storms.
  • RLI Corp reported fourth quarter operating profits up 64 percent to $31.5mn as its underwriting performance benefited from the benign environment for cat losses and prior-year reserve releases.
  • UK insurer Brit Insurance Holdings has posted £62.5mn of net reserves for sub-prime related liability claims, it revealed in its 2007 results this morning that saw pre-tax profits and return on equity beat the previous year's figures.
  • IBM has won the race for Lloyd's messaging hub contract, fighting off information technology rival ATOS in the final selection process.
  • Lloyd's insurer Amlin plc has seen its premium income drop 7 percent so far at the January renewals reflecting weaker market conditions.
  • As an estimated 10,000 delegates converge on San Diego for 2008's Risk and Insurance Management Society's (RIMS) conference, fresh evidence has emerged of how brokers' revenue models are being transformed amid pressure from buyers and regulators.
  • An improved showing from American International Group's (AIG) P&C division helped the US insurance giant generate third quarter operating profits that were just ahead of Wall Street expectations.
  • Caribbean insurance group Sagicor Financial has appointed Morgan Stanley to sell its Lloyd's business after it lumbered the parent with losses of $13.1mn last year, The Insurance Insider can reveal.
  • CCLA Investment Management, a specialist fund manager for UK charities, local authorities and the Church of England, has invested £20.58mn in the London-listed Catco Reinsurance Opportunities Fund