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  • Willis International chairman Sarah Turvill is stepping down at the end of the year to take up the position of non-executive director on the board of Willis Limited.
  • Total insured losses arising from natural catastrophes and man-made events in 2013 have almost halved compared to 2012, according to preliminary estimates from Swiss Re.
  • Japanese insurance giant NKSJ has agreed to buy Lloyd's carrier Canopius for £594mn ($950mn) in cash, the company said today (18 December).
  • Embattled US insurer Tower Group said it had repaid its bank loans using the proceeds from the disposal of its 10 percent stake in up-for-sale Lloyd's carrier Canopius, but warned that it had been forced to absorb a further reserving charge of up to $105mn.
  • London-listed insurance private equity investor BP Marsh has acquired a 40 percent stake in Australian-headquartered managing general agent MB Insurance Group for AU$0.8mn ($0.7mn), the company said in a statement.
  • AmTrust Financial Services has made a robust defence of its business and accounting choices after accusations from short sellers but failed to stem the tide of market selling as the insurer's share price slumped again in early trading.  
  • Willis Group deputy CEO Steve Hearn is to become chairman of the London Market Group (LMG), the body set up to modernise the London insurance hub and promote it internationally.
  • Novae is assessing potential takeovers, the insurer said today (17 December), hours after The Insurance Insider reported that the company had submitted a bid for Lloyd's peer Antares.
  • Capita Insurance Services has launched the first shared services platform for Lloyd's Singapore outpost.
  • The property catastrophe placements for Liberty Mutual and American International Group (AIG) have shone a spotlight on a marketplace that is becoming increasingly divided into a group of favoured reinsurers inside the "Magic Circle" and another group of struggling carriers peering in from the outside.