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  • After reporting a weak set of quarterly results last week (3 February), shares in Allied World plummeted by 14.73 percent to reach $31.13 at market close on Friday (5 February).
  • London looks set to report improved underwriting results in the fourth quarter and second half of 2015, after three major Lloyd's players disclosed year-on-year reductions in combined ratios.
  • A clearer picture of which (re)insurers were affected by the trio of winter storms that hit the UK last year has started to emerge after carriers began publishing loss estimates.
  • Rating pressures and concerns over profitability have led (re)insurers to write more primary business, as evidenced by top line movements during the fourth quarter of last year.
  • XL Catlin has revealed that it lost less than 1 percent of business previously written by the two legacy firms in the wake of XL's $4.2bn acquisition of Catlin.
  • Reinsurers are diverging in their approaches to third-party capital platforms, with a mix of expansion and cutbacks occurring across companies.
  • The rise of broker facilities "begs the question" as to how much more consolidation is needed between (re)insurance carriers, according to Pat Ryan.
  • Top quartile Lloyd's managing agency Aegis London has today (8 February) confirmed the appointment of Jonathan Gray and Tom Busher to its board as non-executive directors, as revealed by The Insurance Insider last week.
  • Validus hikes dividend; Allied World completes RSA acquisition; Holtmeier appointed western region leader; Flood Re flaws; Liberty appoints specialty CUO; IAG names reinsurance manager; PIB acquires Fish Insurance; Sompo Canopius reshuffle; Schroders CFO joins Lloyd's; CSC wins Xchanging race; Aegis appoints directors; P&C pricing declines: CIAB; Beale becomes deputy chair at Council of Lloyd's; Chubb appoints new marine team; Great Lakes capacity deal; Hartwig exits III; Aspen directors to stand do
  • Hannover Re CEO Ulrich Wallin said he believed reinsurers could withstand another two to three years of the current soft market phase before results would sour.