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  • The Insurance Insider reviews the performance of stocks in the first quarter after the stellar gains of 2013
  • London-based insurance-linked securities (ILS) fund manager Securis Investment Partners has hired Martin Reith to take on the newly created role of advisory director.
  • Pricing guidance has tightened on the Texas Windstorm Insurance Association (Twia)'s Alamo Re cat bond, the first post-June transaction on the insurance-linked securities market, sister publication Trading Risk reported last week.
  • Violent wind and hailstorms affected large parts of western and central Europe between 7 and 9 June, causing damage to homes and infrastructure in Germany and France, which is likely to result in insurance losses.
  • The appointment of Peter Hancock as new group CEO of American International Group (AIG) last week surprised some industry commentators for its timing, but was broadly welcomed as a sign that the insurance giant's turnaround remains well on course.
  • Lloyd's is expected to issue a consultation this week on new guidelines detailing minimum conduct standards for managing agents.
  • Venezuelan state-owned energy company PDVSA has appointed Alesco and Cooper Gay as its brokers, and informed the market that it will cancel its in-force policy ahead of a 1 July rewrite, The Insurance Insider has learned.
  • Erik Manning has resigned from Guy Carpenter, where he had spent four years placing retro business in Bermuda, and is expected to join Markel shortly in a new capital markets role, sister publication Trading Risk reports.
  • IAT Re has entered into a strategic partnership with Main Street America (MSA) that will see the US insurer front for the Bermudian quota share specialist on its AM Best A rated paper, The Insurance Insider can reveal.
  • Fast-growing Heritage Insurance Holdings is set to take on the $60mn portfolio of business previously written by failed Floridian insurer Sunshine State Insurance Company (SSIC).