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  • Shares in Federated National slid by 9.3 percent last week after the Florida homeowners' insurer announced last week (21 June) that its CFO had resigned with immediate effect.
  • A project to attract more insurance-linked securities (ILS) transactions to London should not be held up by the Brexit vote, according to Malcolm Newman, sponsor of the London Market Group (LMG)'s ILS Working Group.
  • Charges brought against Aon for withheld commissions on a Romanian compulsory insurance scheme have been dropped.
  • The assignment of benefits (AOB) crisis that impacted negotiations at the 1 June Florida reinsurance renewal has helped drive 6.8 percent rate increases at state-backed carrier Citizens for 2017.
  • Sirius appears to be laying the foundations for further expansion with the conversion of its Bermuda branch to a separately capitalised operating subsidiary.
  • The legal ramifications of the UK's vote last week (23 June) to leave the European Union (EU) are likely to severely impact insurers, as companies face a legislative quagmire and loss of access to the single market.
  • The economic fallout of the "Brexit vote" on 23 June is likely to result in a 10 percent decline to European carriers' solvency ratios and a sizeable impact on investment portfolios.
  • Rating agencies have agreed the impact of a UK exit from the European Union (EU) will be limited for European insurers, despite the credit implications for the broader economy.
  • The California Earthquake Authority (CEA) managed to expand its traditional reinsurance programme by more than $400mn to $4.51bn in the January and April renewals for less premium than it paid in 2015.
  • Don't misprice risk just because everyone else is doing it