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  • HM Treasury has threatened to remove the UK government's retrocessional guarantee for Pool Re unless the scheme's board and members agree to a major hike in the premium levied on the insurance industry
  • Nasdaq-listed insurer AmTrust's relationship with Trust Risk Group, the sole distributor for its $500mn Italian medical malpractice business, has broken down under acrimonious circumstances, The Insurance Insider understands
  • Aon became the last of the big three brokers to publish its third quarter interim results today (31 October), and revealed a decrease of 4 percent in organic revenue for its reinsurance business compared to Q3 2013
  • Investment firm Gotham has published a wide-ranging attack on AmTrust in which it sets a price target of $0 for the stock, sending the Nasdaq-listed insurer's shares into a tailspin
  • Zurich Insurance Group has successfully closed the sale of its Russian general insurance retail business to Moscow-based investment company OLMA Group.
  • UK motor insurer Direct Line Group's third quarter interim statement, published today (31 October), showed a 5 percent decrease in gross written premiums (GWP) for the first nine months of 2014 compared to the prior-year period.
  • Fairfax's (re)insurance operations delivered a 39 percent jump in operating earnings for the third quarter, driven by an improvement in underwriting performance.
  • Argo Group edged ahead of Wall Street forecasts for the third quarter as improved underwriting margins helped it generate operating profits of $23.5mn, up from $22.1mn in the prior-year period.
  • London-listed composite insurer Aviva reported an improved combined ratio as part of its nine-month interim management update, with the ratio across the group dropping to 95.9 percent.
  • Independent Lloyd's insurer Ark has put together a multi-syndicate facility to offer policies covering continuing expenses for US businesses impacted by Ebola