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  • International IT services company Endava has appointed London market technology veteran Kelly Fegan to lead its insurance team
  • London-listed (re)insurer Lancashire deployed more than $250mn of limit through its Kinesis Re I sidecar at the 1 January renewals, the company has confirmed
  • Lloyd's chairman John Nelson has said that the Lloyd's market has the luxury of being able to frame the way it attracts capital to suit the dynamics of selling (re)insurance in a low interest rate environment
  • UK insurance brokers' annual payment to the Financial Services Compensation Scheme (FSCS) would rise by 7 percent this year to cover an increase in claims triggered by intermediaries going bust, under proposals unveiled yesterday (21 January) by the government-backed fund
  • Global (re)insurance broker Willis today (22 January) announced the launch of a global human capital and benefits practice, led by Willis International CEO Tim Wright.
  • Kiln, the Lloyd's (re)insurer owned by Japanese carrier Tokio Marine, has hired a senior credit and surety underwriter as part of an effort to build up its presence in continental Europe, it said today (22 January).
  • Numis Securities analyst Nick Johnson has raised his recommendation on UK motor insurer Admiral to "buy" from "add", citing statistical evidence that UK car insurance prices are falling more slowly.
  • Expansive US firm International Financial Group (IFG) is entering the professional lines market with the hire of former Valiant executive Lori Marino.
  • Shares in US insurance giant Travelers were trading down almost 2 percent this afternoon as evidence of slowing momentum on pricing overshadowed a strong earnings beat for the fourth quarter.
  • US property insurance underwriters will "reluctantly" support rate reductions of 5-10 percent on first quarter renewals, according to broker AmWINS.