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  • The UK Treasury has provided details on the proposed regulatory framework that it hopes will attract insurance-linked securities (ILS) business to London, envisaging a six-to-eight-week timeframe for the Prudential Regulation Authority (PRA) to approve new structures.
  • Berkshire Hathaway's specialty insurance unit has built a book with $1bn of annual premium volume since its launch less than three years ago.
  • Hiscox's asset management platform Kiskadee Investment Managers is on track to reach $1bn of assets under management in 2016, the (re)insurer announced as it released its 2015 results.
  • Shaky markets in 2015 provided new insurance-linked securities (ILS) investors with further proof of the low correlation of the asset class, K2 Advisors managing director Jonathan Malawer suggested at the Sifma IRLS 2016 conference held in New York last week (24 February).
  • Michael Millette's start-up asset manager Hudson Structured Capital Management has lined up funding from Blackstone for a 1 April launch of its reinsurance and transport finance funds, sister publication Trading Risk revealed last week.
  • Challenging macroeconomic conditions for mining companies and the fallout from several large disasters have impacted insurers in the sector, according to Marsh.
  • The US commercial lines sector has reached an inflection point in early 2016 as rates began falling after a year of gradually slowing increases, Bernstein reported in its latest analysis.
  • In a continuation of the trend for underwriting and investment to counterbalance one another, the trio of total return reinsurers again struggled to profit on both the asset and liability sides of their businesses.
  • Jacobs to resurface at Allied; CGSC upgrade; Dodson joins Probitas; CTA opens in SA; Bell and Large exit Axis; Duffy retires from Allied World; Charles Taylor completes legacy divestments; Skuld gross tonnage up 10%; Buffett's survival
  • The Mars product recall that led to the withdrawal of chocolate bars from shops in 55 countries is not commercially insured, The Insurance Insider understands.