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  • While the reality of the insurance market pricing cycle is a truth universally acknowledged, the parallel verity of the distribution cycle is far less well studied.
  • RenaissanceRe has signed a deal with Aon Benfield to improve its access to North American business and diversify its portfolio away from under-pressure property cat, The Insurance Insider can reveal.
  • Spain-headquartered international insurance group Mapfre has put in a strong late bid to acquire the Italian and German operations of UK personal lines insurer Direct Line
  • Claims outsourcer Charles Taylor has agreed to acquire Isle of Man life insurer Nordea Life & Pensions Limited (NLP) from Nordea Life and Pensions SA, Luxembourg, it was announced this morning (22 September)
  • EU financial regulator the European Insurance and Occupational Pensions Authority (Eiopa) has called on continental regulators to check that insurers and other financial institutions devote sufficient resources to protect against growing IT risks
  • Ace has expanded its multinational claims practice with the promotion of two senior executives, the global P&C insurer announced yesterday (18 September)
  • Lloyd's director of performance Tom Bolt has blamed an "epic" excess of capital, too much regulation and a plethora of brokers in the market for the gloomy outlook at this year's Monte Carlo Rendez-Vous
  • Brit Insurance has put together a $250mn consortium, including capacity from Berkshire Hathaway, to write a new cover to protect critical infrastructure against cyber attacks, The Insurance Insider can reveal
  • QBE is looking to offload its three up-for-sale US managing general agencies (MGAs), which together write around $350mn-$400mn of premium, to a broking house, The Insurance Insider understands
  • AJ Gallagher International (AJG) negotiated an option at inception to acquire the businesses that make up Capsicum Re four years after it was founded, The Insurance Insider can reveal.