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  • Watkins Syndicate Singapore has appointed two senior underwriters to bolster its expanding presence in the Asia Pacific region, it said today (17 February)
  • Shares in troubled UK insurer RSA rose more than 3 percent in early trading today (17 February) on a weekend press report that the carrier may pursue a share placing rather than a full rights issue.
  • Pine River Capital Management LP is in the process of raising funds of up to $750mn to launch a Bermudian reinsurer in what would be the latest entry by a hedge fund-backed vehicle into the sector.
  • Private equity-backed Lloyd's carrier Brit Insurance on Monday reported a 30 percent increase in its 2013 profit, driven by lower catastrophe claims and higher reserve releases.
  • NKSJ Holdings, the Japanese "big three" insurer in the process of buying Lloyd's carrier Canopius, on Friday (14 February) reported a near tenfold increase in its third quarter profit, helped by a drop in natural catastrophe claims and a strong performance at its domestic general insurance business.
  • UK floods have inflicted losses of £630mn ($1bn) on insurers so far this year, and the final claims bill could reach £1bn if heavy rain persists into March, London-listed (re)insurer Hiscox said today (14 February).
  • Westhouse Securities analyst Joanna Parsons today (14 February) downgraded London-listed carrier Catlin from "neutral" to "sell", saying that the company "missed a trick" by not returning capital to shareholders following its full-year 2013 results.
  • Asia Capital Re's (ACR) financial strength rating has been affirmed at A- with a stable outlook by Standard & Poor's (S&P), the Asian reinsurer said today (14 February)
  • ACP Re, the reinsurer backed by AmTrust founder Michael Karfunkel, has said it intends to press ahead with its planned $172mn takeover of Tower Group despite news of bigger-than-expected reserve charges at the troubled US insurer
  • The Navigators Group reported fourth quarter operating profits up 89 percent to $16.1mn, or $1.13 a share as the US specialty carrier highlighted improved underwriting performance across its insurance companies and Lloyd's platform.