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  • Luxembourg's financial sector development agency expects two or three new carriers to announce plans to set up subsidiaries there in the coming weeks
  • Berkshire Hathaway subsidiary Gen Re has been granted final "R3" approval to set up a branch in India.
  • If you run a live risk carrier with any real scale in global or US commercial lines business, you will probably have had a call from BarCap or JP Morgan's New York team over the last month or so
  • Operating profit at German carrier Talanx held steady in the first quarter at EUR576mn ($629.4mn) despite higher large-loss catastrophe activity.
  • The question will understandably have dominated the thoughts of any candidate approached to step into the hot seat vacated by outgoing CEO Peter Hancock.
  • Recently-upgraded US regional insurer Kingstone saw profits more than triple to $1.5mn in the first quarter.
  • Intact Financial plans to sell 6 million preferred shares to raise C$150mn ($109.5mn) to help finance its purchase of specialty insurer OneBeacon from White Mountains.
  • Bermuda’s (re)insurers took a collective hit in the first quarter as the surprisingly-large Ogden rate adjustment and a surge in US catastrophe losses drove a nearly 5 percent drop in net income, Standard & Poor’s (S&P) said in a report.
  • Underwriting profitability disappeared from the US property and casualty industry last year as aggregate performance figures show carriers collectively fell to a $6.6bn loss following three money-making years, according to AM Best.
  • Bhuvinder Judge and Rob Saxon have both resigned from ProSight, as the under-fire carrier continues to search for a buyer for its Lloyd's business. Judge had been head of delegated underwriting at ProSight Specialty Underwriters since 2012, while Saxon had worked at ProSight since 2013, most recently as head of underwriting management. Judge will join CNA as head of delegated underwriting, while Saxon is moving to Capita Managing Agency in an underwriting management role...