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  • It could prove to be a tough year for brokers but Willis Group Holdings Ltd showed yesterday evening that it was still able to grow revenues and profits despite falling rates.
  • Lloyd’s Corporation CEO Richard Ward has re-iterated his commitment to business process reform in the three-hundred-year-old Society by both word and deed recently.
  • Closing results for 2009 from non-aligned Lloyd's syndicates have come in ahead of forecasts, with top performer QBE Syndicate 386 reporting a 43.1 percent profit on capacity
  • BP agreed a $7.8bn settlement with individuals and businesses affected by the 2010 Deepwater Horizon incident, but the legal battle with the US government and its drilling partners continues...
  • A New York court has ruled against Aon in its ongoing poaching case with Alliant. Aon accused the rival firm and former senior Aon construction broking executive Michael Cusack of breaching an injunction that bars Alliant from poaching Aon employees and clients.
  • Legacy and insurance services specialist Tawa's share price has closed down 7.35 percent at a mid-point of 31.5 pence per share following news of the group's $22.5mn loss this morning (22 March).
  • The Organisation for Economic Co-operation and Development (OECD) has criticised the role played by ratings agencies in exacerbating the current global financial crisis and has called for reforms.
  • Fairfax Financial Holdings Ltd has made a public offer to acquire Polish reinsurer Polskie Towarzystwo Reasekuracji (Polish Re).
  • CNA subsidiary Hardy Underwriting has hired James Cunnington to take responsibility for outwards reinsurance purchasing.
  • Lloyd’s start-up Ark Syndicate Management has launched its terrorism, war and political risk business with former Wellington underwriter Simon Low at the helm.