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Fidelis pulls paper from Castel political violence unit

Total return carrier Fidelis has withdrawn its support from Castel's political violence managing general agency (MGA), according to market sources.

Bernard Goyder, 18 April 2017
Citizens confirms massive reinsurance retrenchment

Florida's state-backed insurer Citizens looks set to buy only three layers of reinsurance for its coastal account this year, purchasing little more than half the $2.46bn of limit it did in 2016, The Insurance Insider can reveal.

David Bull, 18 April 2017
Shoot the (bulletproof) messenger

Journalists have a justified reputation for being thick-skinned

Mark Geoghegan, 18 April 2017
Florida demand ebbs in fractured market

Shrinking demand from some of Florida's bigger cedants and model revisions could undermine reinsurers' attempts to arrest property cat rate falls at 1 June as they compete for a smaller pool of quality clients.

David Bull, 18 April 2017
Malaysia weighs tighter foreign ownership rules: report

The Malaysian central bank is reportedly considering enforcing an existing cap of 70 percent on foreign companies' holdings in domestic insurers.

Matthew Neill, 18 April 2017
Irdai to tighten broker regulations: report

The Indian regulator has reportedly proposed more stringent oversight for brokers including increased capital requirements and "cooling off periods" for foreign investors switching investments.

Matthew Neill, 18 April 2017
F&G abandons sale to Anbang

New York-listed life insurer Fidelity & Guaranty (F&G) has backed out of a $1.6bn agreement to be acquired by China's Anbang Insurance.

Dan Ascher, 18 April 2017
Brown & Brown beats as $20mn settlement bolsters bottom line

US broker Brown & Brown kicked off the first quarter reporting season by recording a 3.5 percent uptick in organic revenues.

Dan Ascher, 18 April 2017
Cincinnati Financial set to take $106mn of cat losses

Cincinnati Financial has flagged a $106mn pre-tax impact from catastrophe claims on its pending first quarter results.

Iulia Ciutina, 18 April 2017
Holborn takes Meadowbrook account

Independent reinsurance broker Holborn has beaten larger rivals to win the account of Fosun-owned insurer Meadowbrook, The Insurance Insider understands.

Dan Ascher, 18 April 2017

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