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  • Aviation market sources were sceptical on Friday (14 March) of an estimate from a Credit Suisse Asset Management fund that the disappearance of Malaysia Airlines flight MH370 could trigger a $500mn liability loss
  • Willis deputy CEO Steve Hearn has been promoted to chairman of the London & International Insurance Brokers' Association (LIIBA), the London-based broker trade body announced today (14 March)
  • Spain-headquartered international insurance group Mapfre today (14 March) said it was targeting a 16 percent revenue increase over the next three years by expanding in the US and in the emerging markets of Asia, Latin America and Eastern Europe
  • Newline Group, the specialty insurance subsidiary of Fairfax Financial Holdings' Odyssey Re, has parted company with the active underwriter of its Lloyd's Syndicate 1218, Phil Foley, by mutual agreement, The Insurance Insider has learned
  • Privately-held US carrier Western World Insurance Company has been placed up for sale in a process managed by Goldman Sachs, The Insurance Insider has learned.
  • US private equity house Genstar Capital has teamed up with insurance industry veteran David Armstrong to launch Palomar Insurance Holdings, a start-up carrier focused on US earthquake risk, the buyout firm said late yesterday (12 March).
  • Shipping losses declined in 2013, but emerging marine risks such as the rise of "mega ships" pose a challenge to insurers, according to Allianz Global Corporate & Specialty's (GCS) annual safety and shipping review
  • Lloyd's Syndicate 6107 is on course for a strong 2013 performance, helped by a comparative lack of natural catastrophes, managing agency Beazley Furlonge said today (13 March)
  • The Association of British Insurers (ABI) on Thursday (13 March) said flooding and storms that struck the UK between late December and February look set to cost its members £1.1bn ($1.8bn).
  • Generali, Europe's third-biggest insurer by market value, on Thursday (13 March) said a turnaround plan launched by chief executive Mario Greco was delivering results as it reported its highest annual profit in six years.