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  • Italian carrier Generali has teamed up with Mitsui Sumitomo Insurance to provide cover for its global corporate clients in nine new Asia Pacific markets.
  • Blue Capital Global Reinsurance Fund, the London-listed reinsurance investment vehicle managed by Montpelier Re, today (26 March) said it had postponed a long-planned issue of new shares.
  • Global broker AJ Gallagher today (26 March) said its head of UK retail, Brendan McManus, is to leave the firm in January 2015 once the group has finished absorbing Giles, the UK intermediary it acquired for £233mn last year.
  • Ailing insurance services provider and acquisition firm Tawa today (26 March) said its losses more than trebled last year, weighed by reserve strengthening and goodwill impairment charges.
  • Private equity-backed insurer Barbican has entered into an underwriting partnership with Hannover Re's UK subsidiary Inter Hannover in a bid to expand its share of the UK P&C market, the two companies announced today (26 March)
  • The insurance industry's catastrophe claims burden fell 44 percent to $45bn last year, helped by a quiet US hurricane season, according to a study from Swiss Re Sigma.
  • Windstorm Tini, which battered the UK between 12 and 13 February this year, is expected to cost insurers EUR245mn ($338mn), loss compilation agency Perils said today (26 March).
  • In an unexpected move, Willis announced yesterday evening (25 March) that it was replacing its current CFO Michael Neborak with HSBC executive John Greene
  • Lloyd's today (26 March) reported a 14 percent increase in its aggregate 2013 profit thanks to reduced catastrophe claims, and reaffirmed its ambition to expand into the word's fast-growing emerging market economies.
  • Offshoring routine and less specialised services to lower-cost locations could save specialty (re)insurers over $1bn a study by Ernst & Young has found.