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  • The US Congress is due to discuss an extension to the federal Terrorism Risk Insurance Act (TRIA) that is scheduled to expire at the end of the year.
  • In a year in which "everything went right in insurance", investment conglomerate Berkshire Hathaway reported a record gain in net worth during 2006 of $16.9bn.
  • The flagship Syndicate 386 for QBE's Lloyd's managing agent QBE Underwriting Ltd has released slightly increased profit forecasts for both the 2010 and 2011 underwriting years, despite being dampened by lower investment returns.
  • Jonathan Thomas, the former underwriter of personal accident (PA) specialist Syndicate 1607, has joined the Munich Re backed Watkins Syndicate.
  • If its proposed acquisition of GE Insurance Solutions concludes without a hitch next summer, Swiss Re will be able to proclaim itself as the biggest reinsurer on the planet, leapfrogging its rival, Munich Re. Based on 2005 estimates, the combined...
  • Reinsurance broker Guy Carpenter is developing a product to allow (re)insurers to hedge the risk of under-reserving on long-tail casualty lines of business.
  • India's state-run National Insurance Corporation (NIC) has been unable to reinsure the contingency cover for this year's Indian Premier League (IPL) cricket tournament, currently taking place in South Africa, our sister publication Inside FAC reports.
  • The aviation sector's broker merry-go-round continues as Steve Doyle, manager of Aon's Aviation and Aerospace Global Practice Group, has resigned his post and is heading to rival Willis Group Holdings.
  • Global specialty insurer Ace has revealed a threefold increase in pre-tax catastrophe losses for 2010 to more than $400mn, along with guidance that this figure for 2011 already stands at $370mn.
  • The Bermuda Monetary Authority (BMA) has outlined a roadmap for creating a regulatory framework that is recognised as equivalent to the European Solvency II (SII) regulations.