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  • UK general insurer Royal & SunAlliance (R&SA) announced last week (1 August) the cash acquisition of Irish insurer EGI Holdings Limited for EUR25.3mn (£17.3mn), subject to regulatory approval.
  • Willis Group Holdings threw down the gauntlet to rivals MMC and Aon Corp with a solid quarter that included a ten percent organic growth in revenues and details of a new $1bn share buyback programme.
  • GCFac, the facultative arm of reinsurance broker Guy Carpenter, has bolstered its ranks with the launch of a structured risk team headed by former Jardine Lloyd Thompson (JLT) broker John Lobek.
  • “Class of 2005” start-up Lancashire Holdings Ltd has benefited from low claims during a benign first-half of 2006 to report net income of $39.3mn today (7 August).
  • Over 60 percent of UK businesses do not have the necessary business continuity management (BCM) plans to protect them in the event of a disaster, according to a survey conducted by Marsh.
  • Rating agency AM Best affirmed its ratings financial strength rating of A (Excellent) and issuer credit rating (ICR) of 'a' on Lloyd's of London on 31 July.
  • Aspen Insurance Holdings Limited today (7 August) announced the appointment of Stuart Sinclair as its president and chief operating officer.
  • French giant AXA said it had produced a "strong first half" performance with underlying earnings up 19 percent to EUR2.1bn.
  • "Class of 2005" start-up Lancashire Holdings Ltd has invested $20mn in a new Bermudian sidecar operation named Sirocco Re, it announced today (7 August).
  • Aon Corp was the last of the three global brokers to report its second quarter results last week and they were perhaps the least remarkable.