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  • The US Treasury lacks sufficient data on the terrorism insurance market to properly evaluate the effectiveness of the Terrorism Risk Insurance Act (Tria), according to a Government Accountability Office (GAO) report published yesterday (11 June)
  • Listed Lloyd's (re)insurer Novae has announced that it has appointed Anne Plumb as unit head of international open market property. She will report to Ian Burford, joint active underwriter, and takes up the role in September 2014
  • The UK Competition and Markets Authority (CMA) today (12 June) proposed capping the cost of replacement vehicles as part of a series of measures aimed at driving down motor insurance prices.
  • Sergio Balbinot is set to extend his mandate as president of industry lobby group Insurance Europe for another year, the organisation announced today (11 June).
  • 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).
  • Liberty Specialty Markets, the combined London market arm of US insurance group Liberty Mutual, has recruited veteran marine and energy underwriter John Henderson, The Insurance Insider understands.
  • Swiss Re today (11 June) revealed its Admin Re life legacy unit had agreed to buy a book of life and annuity policies from global bank HSBC, and said the deal demonstrated its renewed commitment to the business after a failed attempt to sell it last year
  • Shares in Quindell fell by more than a quarter this morning (11 June) after it was announced that the insurance outsourcing firm had failed to graduate from the London Stock Exchange (LSE)'s junior AIM market to the main market
  • Rate rises for US commercial P&C insurance slowed to an average of 4 percent during the first quarter as pricing momentum continued to moderate, according to the latest Towers Watson Commercial Lines Insurance Pricing Survey.
  • London-listed insurance services firm Charles Taylor today (11 June) named Mark Keogh as the replacement for outgoing chief financial officer Tito Soso, who leaves in August.