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  • Maiden Holdings reported record operating earnings of $23.3mn, or $0.30 a share for the quarter compared to the prior-year period's Sandy-afflicted loss of $10.1mn, or $0.14 a share.
  • Meadowbrook Insurance Group remains actively engaged with Willis Capital Markets & Advisory as it continues to conduct a strategic review of the future of its operations, according to the troubled US insurer's president and CEO Bob Cubbin.
  • CNA, the US insurer that acquired the listed Lloyd's carrier Hardy Underwriting for £143mn in 2012, has replaced Barbara Merry, the company's long-serving chief executive.
  • Direct Line faces bigger potential losses from the UK floods than any other major listed carrier, analysts at Keefe Bruyette & Woods (KBW) estimated today (19 February)
  • Willis Re today (19 February) warned that the competitive pressure driving declines in property catastrophe rates is starting to spill over into the casualty reinsurance markets
  • Cooper Gay's UK finance chief Samantha Hovey is leaving to take up the same role at rival insurance broker Besso, Besso shareholder BP Marsh said today (19 February)
  • Willis is re-ordering the senior ranks of its London-based financial and executive risks division (FINEX) after convincing Julian Martin to stay on at the firm, The Insurance Insider can reveal.
  • Hedge fund-style reinsurer Greenlight Re reported a strong return to profit for the fourth quarter of 2013 as it benefited from the benign period for losses on its underwriting book and a turnaround in its investment portfolio.
  • Meadowbrook fell to a net operating loss of $14.8mn for the fourth quarter of 2013 as it reported further deterioration on its prior-years' underwriting, this time concentrated in its excess and surplus lines (E&S) portfolio.
  • Insurance industry leaders have said that following severe flooding the UK faces a "long road to recovery" after a summit was held at 10 Downing Street earlier today (18 February).