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  • Shares in Bermudian reinsurer Maiden Holdings climbed 3.6 percent yesterday (20 November) after the company unveiled plans to refinance its expensive trust preferred securities (trups).
  • Universal Insurance Holdings, whose homeowners' insurance operations have expanded from Florida to North Carolina, South Carolina, Hawaii, Georgia, Massachusetts and Maryland, is stepping up from the NYSE MKT index to trade on the full New York Stock Exchange
  • US specialty insurer ProSight has appointed Bernard Mageean as chief operating officer of its Syndicate 1110 at Lloyd's, the firm said today (21 November).
  • Swiss Re is buying up around half of Zurich Insurance Group's up-for-sale stake in New China Life Insurance Company for $493mn as it continues to expand its interest in emerging markets.
  • American International Group (AIG) has announced its intention to back Tony Lovett-led specialty excess of loss (XoL) reinsurance MGA Tamesis Dual from 1 January 2014.
  • Global insurer Zurich Insurance Group has put its 9.4 percent stake in New China Life Insurance Company up for sale on the Hong Kong Stock Exchange, the firm said today (20 November).
  • John Byrne, the chief financial officer of Axa Liabilities Managers, was presented with the Services to Legacy Award 2013 at the Insurance and Reinsurance Legacy Association (IRLA) annual members' dinner last week.
  • US insurers have remained disciplined in their choice of investment asset, despite the pressure to invest in higher-yielding but riskier securities to counteract persistently low interest rates, Standard & Poor's (S&P) said in a report yesterday (19 November).
  • Argo Group International is continuing to reshuffle its senior management, with Matthew Wilken taking over from Andrew Carrier as president of its Bermuda-based property cat reinsurance operations, The Insurance Insider can reveal.
  • Executive chairman of Aon Benfield International and CEO of Aon UK, Dominic Christian, has been elected unopposed to the Lloyd's Council for a three-year term beginning in February 2014.