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Evans and Housley take over management of Endurance Lloyd’s platform

Endurance has rebranded the Lloyd's platform it secured as part of its acquisition of Montpelier Re and assigned senior management to the operation from its own ranks following the departure of Richard Chattock.

David Bull, 26 August 2015
Citizens plans rate hike after surge in fraudulent water damage claims

Florida's Citizens Property Insurance is looking to raise homeowners' rates by an average of 3.2 percent in response to a "disturbing" increase in water damage claims in South Florida, likely driven by fraud, president and CEO Barry Gilway said yesterday (25 August).

Catrin Shi, 26 August 2015
AmTrust makes offer for Doré Syndicate capacity

AmTrust Corporate Capital has approached non-aligned members of Syndicate 2526 to acquire all of its capacity for 2016 and each subsequent year of account

Charlie Thomas, 26 August 2015
State Auto makes management changes amid restructuring

State Auto yesterday (25 August) announced a wide-ranging management reshuffle after it redefined its business units to promote accountability

Catrin Shi, 26 August 2015
Towergate makes £58mn loss in H1

UK broker aggregator Towergate has published another set of challenged figures this morning (26 August), after reporting a £58mn loss for the first half of the year.

Charlie Thomas, 26 August 2015
AJG to receive £20mn settlement over Ross dispute

AJ Gallagher's long running dispute with its former CEO David Ross and other members of staff has been settled out of court, with the broker due to receive a payment of £20mn.

Charlie Thomas, 26 August 2015
Steadfast top and bottom line surges

Fast-expanding Australian intermediary Steadfast Group reported strong top and bottom line growth for its 2015 financial year of 72 percent and 45 percent respectively.

David Bull, 26 August 2015
Reinsurance pricing heading to ‘new equilibrium’: Fitch

Reinsurance pricing could be approaching a new equilibrium after the market showed signs of slowing rate declines at mid-year renewals, according to Fitch Ratings.

David Bull, 26 August 2015
Asset risk edges up as reinsurers search for yield: S&P

Asset risk for reinsurers is "nudging higher" as they increase exposure to equities in their investment portfolios, according to ratings agency Standard & Poor's (S&P).

David Bull, 26 August 2015
RSA surprises with accommodating approach to Zurich

After coming out fighting following the leaked news that Zurich was readying a bid for the company, RSA surprised the market this morning (25 August) by effectively agreeing to sell for 550p per share

Adam McNestrie, 25 August 2015

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