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  • Broker Willis Group Holdings reported net income of $78mn, or $0.54 per share, 8 percent up on the prior-year period in what was described as “another strong quarter” for the firm as it announced its interim results yesterday (1 August).
  • With Lloyd's star in the ascendant after the sale of Equitas to Berkshire Hathaway, ratings upgrades and a queue to sign up new ventures at Lime Street, The Insurance Insider plucked a legion of leading lights to assess the challenges and opportunities for London...
  • Despite posting credible numbers for the first half of the year, Jardine Lloyd Thompson Group plc’s (JLT) share price fell almost 10 percent in early trading today as investors again reacted nervously to the bleak trading conditions confronting the firm.
  • Broking giant Aon Corp said it is again mulling the sale of its underwriting business, Combined Insurance Company of America (CICA), as it announced a 9 percent rise in brokerage revenue for the second quarter.
  • Lloyd’s insurer Ascot Underwriting is set to open an office in Houston, Texas as it aims to secure locally placed energy business.
  • Geoff Bromley has left the global reinsurance broker, Guy Carpenter & Co, where he was chairman of the company’s non-Americas operations in Europe and Asia-Pacific, The Insurance Insider can reveal.
  • Bermudian firm RenaissanceRe Holdings Ltd (RenRe) has upped its estimates for catastrophe reinsurance business after writing more premiums than expected in the first half of the year.
  • Lloyd’s Franchise Performance Director Rolf Tolle has committed to another two years in the role, ending the recent uncertainty over his future.
  • Fast-growing Australian (re)insurer QBE Insurance Group Ltd has entered into a Joint Venture Agreement with the Rajan Raheja Group (RRG) to establish a general insurance company in India.
  • Nottingham headquartered insurer IGI Group Ltd has closed its London office 18 months after it first opened as an underwriting branch.