February 2014/3
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US-listed (re)insurance shares had a strong week with an average gain of 3.05 percent, reversing losses of the previous week.
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The European peer group reported an average 1.1 percent share price gain last week, dragged down by the near 8 percent deterioration to RSA's share price.
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Global broker stocks generally performed well last week as the reporting season for the subset came to a close.
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Catlin was the only Lloyd's carrier to outperform the benchmark performance of the FTSE 100 last week, while the remainder saw mixed fortunes.
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The US farm bill that secures the future of the US crop insurance programme for the next five years was signed into law by President Obama earlier this month, in a move expected to expand the scheme by $5.7bn between now and 2023.
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The end may finally be in sight for a scheme of arrangement to wind up the UK arm of run-off insurer Highlands Insurance Company UK (HUK).
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HomeServe, the UK personal lines intermediary that styles itself as the fifth emergency service, has been hit with a heavy £31mn fine from the Financial Conduct Authority (FCA) for serious and long-running customer service failings.
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Insurance IT services provider Ebix has agreed to pay $6.5mn to settle a shareholder class action suit triggered by allegations of accounting irregularities in 2011.
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QBE is suing a group of professional indemnity (PI) insurers led by subsidiaries of AIG and Allied World after they refused to pay claims related to investigations and lawsuits against QBE's force-placed lender insurance business Normal 0 fa
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Catlin Group has created two reinsurance funds with internal capital as it weighs up whether to enter the third-party asset management space, according to the London-listed (re)insurer's founding CEO Stephen Catlin.
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Munich Re is seeking to raise up to $100mn from a new Queen Street cat bond that will again cover Australian cyclone risk.
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The retrocession market is now significantly more focused on aggregate capacity following the 1 January renewals as demand for occurrence covers shrank, according to Credit Suisse Asset Management's head of insurance-linked securities (ILS) Niklaus Hilti.
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