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  • Research issued this morning (10 November) by the London Market Group (LMG) has found that the London market is the industry's dominant international specialty (re)insurance hub - effectively twice the size of Bermuda - but warned that it must overcome significant challenges to retain its leading position.
  • Reinsurance income for London-listed carrier Hiscox fell by 11.8 percent for the nine months to 30 September after it cut back in response to falling rates and intense competition.
  • Willis' takeover target Miller Insurance Services achieved underlying organic growth of 5 percent in the 12 months to 30 April 2014 as overall revenues grew to £112.9mn.
  • Bermuda-domiciled (re)insurer James River has filed for an initial public offering on the New York Stock Exchange following months of speculation
  • UK-listed personal lines insurer Admiral reported a 10 percent increase in its motor customer base to more than 4 million drivers at its third quarter interim statement
  • The wholesale market has not yet felt the full force of the Financial Conduct Authority (FCA), Pioneer Underwriting non-executive director Ian Clark told delegates at the Xchanging London Market Conference yesterday (6 November)
  • German powerhouse Allianz's P&C division has reported gross written premium increases of 5.7 percent for the third quarter of the year, rising to EUR11.3bn
  • Lloyd's can no longer solely rely on wholesale brokers to secure the business that it needs to maintain its position in the global specialty market, Lloyd's performance management director Tom Bolt has said.
  • Swiss Re's share price is expected to trade up today (7 November) after unveiling consensus-besting results that included the P&C Re division revealing premium growth of 9 percent and net income climbing to $842mn for the third quarter.
  • Third Point Re has reshuffled senior management after the resignation of chief actuary and chief risk officer Michael McKnight with immediate effect.