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  • Swiss Re's Admin Re division has announced the sale of its closed life US subsidiary Aurora National Life Assurance Company to Reinsurance Group of America (RGA)
  • Insured losses generated by Cyclone Hudhud are estimated to range from $100mn to $400mn, cat modelling firm AIR Worldwide said today (21 October).
  • US P&C bellwether Travelers has posted a solid set of third quarter results, with operating earnings of $2.61 per share easily beating the Wall Street consensus of $2.28 and net income rising 6.4 percent year-on-year to $919mn
  • Motor platform and reinsurer St Bernard is still targeting an entry into Lloyd's following founder Mark Byrne's ill-fated attempt to buy Sportscover's managing agency.
  • Canopius Group has appointed Ching Hong Onn as regional engineering underwriter for its Singapore platform with immediate effect, reporting to Linus Phoon, chief executive of Canopius Asia
  • Compre Holdings has appointed German industry veteran Dr Wolfgang Eilers to chair the supervisory board of Hamburger Internationale Rück (HIR), which the independent (re)insurance legacy specialist acquired from Tawa plc in August this year
  • Independent broker Besso has reached a point where it needs a new financial backer to support growth, according to major investor Brian Marsh
  • Compulsory employers' liability (EL) policies do not exclude losses relating to Ebola, global broker Marsh has said.
  • US broker Brown & Brown reported organic revenue growth of 2.9 percent for the third quarter driven by a strong performance in its wholesale division.
  • The trend for large insurance companies to restructure their reinsurance spend by managing it centrally is a permanent industry feature that reinsurers must swiftly adapt to, delegates at the Guy Carpenter Baden-Baden symposium heard yesterday (19 October).