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  • Analysts reacted with cautious optimism as organic growth boosted Marsh and McLennan Companies Inc’s (MMC) 2007 revenues in its 2007 results, which were published last week.
  • Groupama UK looks set to return to BBB-level security after ratings agency Standard and Poor's (S&P) put its BB insurer financial strength ratings on positive watch ahead of its acquisition by Ageas
  • Allianz's net income smashed through analyst expectations today (12 May), fuelled by higher-than-expected capital gains.
  • PartnerRe came in below analysts' consensus estimates as it booked operating profits of $151.5mn for the second quarter, down from $179.3mn in the prior-year period.
  • Bermuda based (re)insurer Alea Group has published a mid-year trading statement in which it reaffirms its positive outlook for 2004.
  • The UK P&I Club, which is a member of the International Group of marine liability mutuals, has announced a restructure in advance of Solvency II that will establish its European subsidiary as the sole provider of direct insurance to UK Club members.
  • Omega's most senior staff have left the group or are in the process of doing so after the acquisition by fellow Lloyd's insurer Canopius completed, The Insurance Insider understands.
  • World's largest insurer AIG confirmed on Wednesday that one of its business units was now under criminal investigation by the US Department of Justice for alleged violations of federal securities laws.
  • 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.
  • Despite having to write down $27.1mn from sub-prime affected securities, US reinsurer Transatlantic Holdings Inc's 2007 profits were boosted by a stronger investment performance.