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  • The first quarter underwriting result worsened for Bermudian carriers in 2017 compared to the prior-year period, as elevated attritional losses together with Ogden charges and higher cat losses pressured margins.
  • The Insider 50 increased for the second consecutive week, climbing 1.6 percent week-on-week to 1,070.2 index points - the highest level in the index's history and 3.6 percent up for the year-to-date
  • Gross written premium (GWP) growth at Bermudian carriers slowed significantly in the first quarter by 24.6 percentage points year-on-year to 4.3 percent as reinsurance growth stalled.
  • Berkshire profits drop; Aston Scott among Lark bidders; Athene bids for F&G; AIG beats despite commercial underwriting loss; Stubbs leaves Acappella; Debbie hits Swiss Re Q1; RSA £40mn Ogden hit; ERS active underwriter leaves; Next Insurance raises $29mn
  • Newly elected French president Emmanuel Macron purchased a financial indemnity policy from Allianz against a first-round disaster scenario of failing to capture more than 5 percent of the vote, according to leaked documents.
  • Swiss Re CFO David Cole has stressed that the reinsurer is comfortable with its reserving position after AIG reported a $5.6bn casualty-linked reserve charge in its Q4 results.
  • What do you do with $3bn of cash if assets are overpriced and you know the true value of money?
  • With the $1.7bn purchase of White Mountains' specialty insurer OneBeacon, Canada's Intact is returning to big-ticket M&A after a string of small domestic broker purchases.
  • The London insurance market must compete better with its rivals if it is to avoid becoming a "profitable irrelevance", according to Paul Clark, the BCG partner behind the updated London Matters report.
  • The Bermudian reinsurer RenaissanceRe has reserved for the impact of potential credit losses in Mozambique, RenRe CEO Kevin O'Donnell said on an earnings call with analysts.