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The new incumbent on the capital throne will be wearing a collateralised crow

Albert Einstein is often said to have described compound interest as the greatest mathematical discovery of all time.

Mark Geoghegan, 17 April 2018
Bankers scour market for buyers as M&A fever eases

Appetite for acquisitions at the rich multiples targeted by sellers is more limited than the feverish speculation of recent weeks may have suggested, according to an initial canvass of bankers working in the sector.

Adam McNestrie, 17 April 2018
Axa trumped rival by about 15.2% for XL

Axa outbid a rival suitor for XL by 15.2 percent in the final throes of a process that involved seven potential bidders, a pre-merger proxy statement revealed.

John Hewitt Jones, 17 April 2018
Springtime in London

Our London readers will have been pleasantly surprised by the spring-like start to this week.

Catrin Shi, 17 April 2018
Perils lifts Friederike loss estimate to EUR1.63bn

Catastrophe data aggregator Perils lifted its estimate for insured damage from windstorm Friederike to just under EUR1.63bn ($2bn), up about 11 percent from its initial calculation.

Laura Board, 17 April 2018
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Albert Einstein is often said to have described compound interest as the greatest mathematical discovery of all time.

Mark Geoghegan, 17 April 2018
The Hanover pegs Q1 cat hit at up to $76mn

The Hanover Insurance Group estimated its net pre-tax catastrophe losses at between $66mn and $76mn, or 5.5 percent of its earned premiums for the first quarter.

Laura Sanicola, 17 April 2018
EMC cuts Q1 earnings guidance as non-cat losses rise

EMC Insurance Group sharply lowered its expectations for first quarter results, citing an unanticipated pick up in non-catastrophe losses and a “significant reduction” in favourable reserve development.

Ted Bunker, 17 April 2018
Hackers focus on cloud-based email systems: Beazley

Cyber criminals increasingly target cloud-based email systems used by businesses, especially Microsoft’s Outlook, to gain access to sensitive data, according to specialist insurer Beazley.

Laura Sanicola, 17 April 2018
China’s Xiang charged with taking bribes: Reports

China’s former top insurance regulator Xiang Junbo faces charges of corruption and bribery, according to reports from Beijing.

Ted Bunker, 16 April 2018

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