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  • Allied World more than doubled the limit on its retro programme to $250mn upon renewal in the second quarter, the firm's chief financial officer Tom Bradley said on an earnings call.
  • Hannover Re ceded 40 percent of its gross aviation claims to retrocessionaires in the first half of 2014.
  • The new RMS(one) platform is now running a year behind schedule and is not expected to launch before 2015.
  • Proposed $50mn Florida start-up Canopy Insurance Holdings has finalised its senior management team and entered the final phases of its initial capital raise, The Insurance Insider understands.
  • Equity analysts have praised Catlin after it beat consensus earnings forecasts for H1 by 34 percent, driving the firm's share price higher.
  • The insured loss from last month's fighting at Tripoli Airport in Libya could now hit $600mn-$750mn,The Insurance Insider revealed last week.
  • Erstwhile Brit Insurance CEO and industry entrepreneur Neil Eckert has reunited with former Augsburg Re aviation underwriter Klaus Gierstner to fundraise for a new managing general agency (MGA).
  • Butcher returns; Capita appoints; NOAA updates; Kiln on fire; Allianz beat; Navigators misses; Third Point Re beats; AmTrust hike; Integro buys; XL lures; Fitch predicts; Hawaii spared; In the red; Zurich rises; RSA returns; Marked up; Maiden Re reports; Flat lining; Aon buys; Fed Nat closes; AJG acquires
  • The drive by Bermudian (re)insurers into specialty lines will lead to intense pricing competition and result in lower-than-anticipated returns, Keefe, Bruyette & Woods analyst Meyer Shields has warned.
  • Florida's insurance regulator has approved the take-out of a further 91,499 multi-peril personal residential policies and 5,732 commercial lines policies from Citizens by four insurers in the state.