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  • James River shares dropped as much as 13 percent in early New York trading today after the (re)insurer’s fourth quarter earnings fell far short of Wall Street expectations because of reserve strengthening involving a single commercial auto account.
  • Chubb’s withdrawal from the National Rifle Association’s (NRA) Carry Guard insurance offering is directly related to a probe begun last year by New York’s insurance regulator into unlicensed activity regarding marketing and fees tied to the program, according to a source.
  • "When the going gets tough, the tough get going," the father of John F. Kennedy may once have said. Reinsurers seem to be taking that advice to heart over cover for terrorist attacks using vehicles in UK motor excess of loss policies.
  • Improved overall underwriting earnings and lower restructuring charges pushed RSA earnings higher in 2017 despite a decline in its domestic business.
  • United Insurance Holdings (UPC) reported good progress on renewing loss-hit reinsurance ahead of June 1 after announcing a fourth-quarter loss.
  • The global cyber market is "frustratingly immature" and needs further research and development (R&D) to properly develop, Lloyd's CEO Inga Beale has said.
  • Shirine Khoury Haq, the Lloyd's COO, has said claims is now a priority for Target Operating Model (Tom), the London market's modernisation drive, over 2018.
  • Exin asked for 15 more days to submit full details of its EUR718mn ($897mn) proposal to acquire Greek state-owned insurer Ethniki on the day of the deadline, according to local press reports.
  • UK motor excess of loss (XoL) reinsurers are rethinking cover for terrorist attacks using vehicles as a crunch decision on liability for such claims looms, sources have told The Insurance Insider.
  • Founding Pioneer CEO Darren Doherty is set to depart the company after seven years, The Insurance Insider can reveal.