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  • Brown & Brown shares are expected to come under pressure tomorrow after the US broker missed Wall Street forecasts for its Q4 earnings and reported lower-than-expected organic growth in its retail business.
  • PartnerRe operating profits were up 64 percent to $157.4mn in the fourth quarter in a period that also saw strong top-line growth.
  • The Hartford reported fourth quarter profits ahead of Wall Street forecasts and unveiled a $2.66bn capital management plan for the next two years that provided further evidence of the US insurer's rehabilitation from the balance sheet strain it came under in the financial crisis.
  • The Democrat-controlled Senate has approved an extension to the National Flood Insurance Program (NFIP) despite objections from the White House
  • Heavy flooding in parts of the UK during December and January will weigh on insurers' underwriting profits and undermine their creditworthiness, the Moody's credit rating agency said today (3 February)
  • Lloyd's will today (3 February) launch a long-awaited initiative aimed at speeding up average claims settlement times by fast-tracking small, uncontentious claims through a single processing system
  • Windstorm Dirk, which swept across the UK and France between 23 and 25 December 2013, will cost insurers EUR275mn ($368mn), according to an initial estimate published today (3 February) by loss compilation agency Perils
  • P&C (re)insurance stocks suffered widespread declines in trading today (31 January) for the second time in just over a week as the sector was affected by further jitters in the broader investor community.
  • Ace has hired former Sportscover Europe underwriter Jane Anderson to write environmental risks for the UK and Ireland.
  • Veteran broking executive and current Howden chairman Adrian Colosso is to become CEO of Howden Broking Group, replacing the incumbent Tim Coles, who is stepping aside to take on the new role of CEO, international, the firm's parent Hyperion has announced.