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  • Persistently low interest rates remain the biggest obstacle to European insurers, with 37 percent of finance chiefs polled by Moody's citing rock-bottom borrowing costs as their primary concern, the rating agency said today (11 February).
  • Markel Corp said it began to see softening in its catastrophe exposed property insurance business as well as its reinsurance book in the fourth quarter of 2013, in further confirmation of the pressure mounting on P&C pricing
  • Berkshire Hathaway has pulled the plug on the major energy facilities it created with Marsh and Willis in 2010 and 2011, The Insurance Insider can reveal.
  • Despite Willis announcing the People's Insurance Company of China (PICC) and Hiscox plc as two of the first three carriers for follow-form facility Willis Global 360 in October neither has signed up to date, The Insurance Insider can reveal.
  • Shares in the listed Lloyd' (re)insurers bucked the US industry trend, with most finishing the week higher as the sub-sector kicked off its annual reporting season with an impressive performance by Beazley
  • Shares in the major European P&C (re)insurers generally held up last week, supported by more relatively bullish rating commentary from reinsurers Hannover Re and Scor
  • Shares in the major (re)insurance intermediaries retreated last week, weighed down in part by emerging markets fears
  • US insurance shares mostly traded lower last week, underperforming the wider market, as lacklustre corporate results from some of the sector's big players put their stocks under pressure
  • With UK regulators becoming increasingly watchful of schemes of arrangement, supporters of the exit mechanism are hoping that a potentially landmark scheme may be an agreeable compromise. We have all the details...
  • Citigroup could soon become the latest financial institution to reimburse homeowners over force-placed insurance premiums after it agreed to a $110mn settlement last week (5 February).