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  • Aspen shares took off this afternoon after the company disclosed a 50 percent increase in the cash compensation CEO Chris O’Kane would receive following a change in control, spurring speculation that the modification may make a takeover more likely.
  • California Insurance Commissioner Dave Jones has put insurers on notice over rates, warning that January's 14-point cut in the corporate tax rate needs to be reflected in their pricing.
  • QBE has merged its Australian and New Zealand technology and transformation teams into one business unit as new regional CEO Vivek Bhatia continues to reshape the operation.
  • Atlas Financial has pushed back the reporting of its 2017 annual report, weeks after the company had to strengthen prior year reserves, sending the company's stock plummeting.
  • Brit has appointed Neil Walker to the role of head of UK property.
  • London open market property players may be surprised at Markel's decision to pull out of the sector, but maybe not that surprised.
  • Catastrophe modelling firms were taken to task by Mike Millette, managing partner of Hudson Structured Capital Management, after he criticised the broad range of estimates provided for Hurricanes Harvey, Irma and Maria.
  • Investment in InsurTech in the next 18 months will crack the $10bn mark but a true disruptor for the insurance industry appears to be some way off, according to panelists at The Insurance Insider's Insider US conference.
  • Rich multiples are posing a valuation challenge for potential acquirers when it comes to sizing up targets in the insurance sector, The Hanover Insurance Group CFO Jeffrey Farber said yesterday.
  • The California Earthquake Authority obtained $700mn of additional new limit in its January reinsurance placement, according to recent agenda documents published on the organisation's website.