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  • Buyers of non-cat US property cover saw rates flat to 10 percent down at renewal during the fourth quarter as softening pressures mounted in the sector, according to broking giant Marsh.
  • Lloyd's independent managing agency Ark has hired three senior property direct and facultative (D&F) underwriters from Hardy Underwriting, sister publication Inside FAC has revealed
  • Lloyd's (re)insurer Hiscox could return up to £100mn of capital to shareholders when it announces full-year results likely to be boosted by benign catastrophe losses and a low attritional loss experience
  • The Lloyd's market's recently announced move into the Dubai International Finance Centre (DIFC) does not constitute a major change to its international strategy, but rather part of the implementation of Vision 2025, the Corporation has clarified.
  • German legacy acquisition firm Darag agreed three European run-off portfolio transactions in December, including its first deals in Sweden and Greece and its third in Belgium.
  • Endurance Specialty is continuing to build its global (re)insurance operations with a move for PartnerRe's head of marine and offshore energy reinsurance Adrian Poxon and a team of senior colleagues, The Insurance Insider can reveal.
  • Despite challenging market conditions PartnerRe expects to write and bind $2.8bn of non-life treaty premium at 1 January, representing a 3 percent increase from the reinsurer's renewal premium base.
  • Arthur J Gallagher (AJG) provided an optimistic outlook on economic growth and a "stable" pricing environment as it booked solid organic growth in its brokerage and risk management segments for the fourth quarter.
  • Despite a slowdown in rate increases, WR Berkley (WRB) chairman and CEO Bill Berkley said he remained confident of an "excellent year" in 2014 as the US insurer unveiled fourth quarter profits that beat Wall Street forecasts.
  • Ace comfortably beat Wall Street consensus forecasts as it booked strong fourth quarter earnings driven by top-line growth and benign catastrophe activity that helped propel it to record full-year operating profits.