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  • Oklahoma was the most expensive US state for natural catastrophe losses in 2013, generating a total claims bill of $1.99bn, according to the Insurance Information Institute (III).
  • Positive rate momentum for US commercial P&C lines continued to lose steam in the fourth quarter of 2013, according to the latest survey conducted by The Council of Insurance Agents & Brokers (CIAB).
  • Brian Duperreault-headed Bermudian reinsurer Hamilton Re has announced the arrival of former Validus Re CEO Conan Ward as head of the group's US operations, confirming a story first revealed by The Insurance Insider at the beginning of January.
  • Amlin has commissioned the Future of Humanity Institute (FHI) at Oxford University's Oxford Martin School to assess the dangers of over-reliance on catastrophe risk models, the Lloyd's insurer said today (11 February)
  • Spain-headquartered international composite (re)insurer Mapfre reported strong growth in its reinsurance segment and a significant improvement in underwriting performance at its Global Risks division as the group posted otherwise disappointing non-life results for 2013.
  • Marsh & McLennan (MMC)'s fourth quarter profit rose 10 percent, helped by steady organic revenue growth at both its Marsh insurance broking unit and its reinsurance intermediary Guy Carpenter
  • Catlin can draw on $300mn of third-party capital after creating a non-Lloyd's collateralised quota-share vehicle for 2014 and expanding its special purpose syndicates (SPSs), according to the company's founding CEO Stephen Catlin.
  • Neil McConachie will retire from the board of Lancashire Holdings following its annual general meeting on 30 April 2014, the company said today (11 February)
  • Lloyd's managing general agents (MGAs) have backed the market's plans for tougher regulation of binding authority business, where underwriters allow agents to issue policies on their behalf within agreed parameters
  • UK home insurers look set to absorb further heavy flood losses after flooding in the south-west of England spread to the London suburbs yesterday (10 February) following weeks of torrential rain