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  • The average cost for one year's comprehensive motor cover in the UK fell to £531 ($887) in the first three months of 2014, a decrease of 16.6 percent compared with the same period last year, according to the latest quarterly survey from motor insurer and roadside recovery group AA.
  • UK regulatory body the Prudential Regulation Authority (PRA), which last year issued two consultation papers on the use of capital extraction mechanisms and schemes of arrangement for solvent, run-off firms, has "softened" its advice in the final guidelines released late last week.
  • The Prudential Regulation Authority, which last year issued two consultation papers on the use of capital extraction mechanisms and schemes of arrangement for solvent firms, has "softened" its advice in the final guidelines, released today.
  • US specialty insurer WR Berkley will pay $26mn to settle their liability in a controversial trucking tragedy dispute that sprang from an insurance policy with a $1mn limit.
  • Premiums for large account US commercial P&C business softened in the first quarter of 2014, while rate increases on average across all account size continued to moderate, according to the latest survey from The Council of Insurance Agents & Brokers (CIAB).
  • Broking giant Aon lifted organic revenues by 3 percent at its Risk Solutions segment (ARS) during the first quarter of 2014
  • Shares in London-listed insurance technology firm Quindell remained in negative territory today (25 April), despite a strongly worded response from the company to a bearish research note that wiped 40 percent off its stock price on Tuesday.
  • Insurance outsourcing firm Quindell this morning (25 April) said it had taken legal action against investors it blames for a "coordinated shorting attack" on its shares
  • In a quarter absent any notable loss events for the company, Validus reported operating profits that were 32 percent lower in part as a result of lower reserve releases.
  • Chubb reported a further slowdown in pricing momentum on its commercial and specialty insurance business as its first quarter operating profits fell 51 percent primarily as a result of US winter weather losses.