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  • US insurance exchange MarketScout, provider of one of the main barometers of US P&C commercial rates, said its composite rate rose by 2 percent in February 2014, down from 3 percent in January.
  • Specialist Lloyd's commercial underwriter Marketform has become the Society's first managing agent to secure a coverholder in the fast-growing Lithuanian market.
  • UK composite insurer Aviva on Thursday (6 March) reported a better-than-expected 6 percent increase in its 2013 profit, helped by cost cuts, and said UK floods in early 2014 would cost it £60mn ($100mn).
  • Howden Broking Group today (5 March) announced the launch of a construction division headed up by two former partners of London-headquartered broker JLT Specialty Limited (JLTSL), John Perrin and Paul Lewis.
  • The Republican-controlled House of Representatives yesterday (4 March) endorsed the Homeowner Flood Insurance Affordability Act, which is designed to delay premium rises for properties covered by the National Flood Insurance Program (NFIP).
  • Perils today (5 March) announced it had raised its loss estimate for European Windstorm Xaver by 7 percent from EUR680mn ($931mn) to EUR727mn ($996mn)
  • Shares in UK motor insurer Admiral rose more than any other FTSE 100 stock this morning (5 March) after the company unveiled a forecast-beating 2013 profit thanks to lower claims and higher reserve releases.
  • Shares in listed Lloyd's carrier Novae climbed in early trading today (5 March) after the firm reported a 7.2 percent increase in its 2013 profit and said it would return spare capital to investors via a 20p per share special dividend.
  • Guy Carpenter today (5 March) announced a significant reshuffle of its European management, with Massimo Reina - current head of its Italian and GC Fac international business - set to become CEO for Continental Europe and the Middle East and North Africa (MENA) region.
  • UK motor insurer Admiral on Wednesday (5 March) said its 2013 profit rose 7 percent as lower claims and bigger reserve releases offset weaker revenues amid falling car insurance prices.