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  • The China Insurance Regulatory Commission (CIRC) is reportedly mulling a change to its regulatory framework which would ease overseas M&A by larger, more solvent companies.
  • Australia's IAG and Suncorp on Monday gave updates indicating that the hailstorm which struck Northern Sydney last month would cost the two insurers together well over A$300mn ($227.9mn).
  • Bermudian carrier Maiden Holdings will file its delayed annual results later today after the company's auditor completed its 2016 year-end audit.
  • Fairfax Financial's deadline to set the cash terms for its nearly $4.9bn acquisition of Allied World slid back a week as the Canadian P&C holding company sought extra time to find as much as $1.5bn more cash through investment partners.
  • Avatar Partners has agreed to buy Elements Property Insurance Holdings and its insurance subsidiaries in a deal that brings two of Florida’s smaller homeowners carriers together.
  • The level of debt P&C insurers hold against capital has stabilised after years of decline following the financial crisis, but still could put carriers in a bind should current economic and market trends encounter disruptions, a new study from AM Best asserts.
  • PartnerRe has appointed Aon Benfield executive Humberto Cabrera as head of Latin America, according to a statement from the carrier today.
  • Calamos Asset Management, the investment vehicle run by Greek-American billionaire John Calamos, is the cornerstone backer for Matt Fairfield's broad-based (re)insurance start-up Exin, The Insurance Insider understands.
  • The financial position of the International Group of protection and indemnity (P&I) clubs remains strong despite downward rate pressure caused by struggling fleet members and decreased investment income, according to AM Best
  • Global broker Marsh has acquired Minnesota-headquartered private client and commercial lines insurance agency Blakestad for an undisclosed sum