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  • Typhoon Haiyan, the tropical cyclone that devastated parts of the Philippines earlier this month, will cost the (re)insurance industry between $500mn and $700mn, Willis Re predicted today (19 November)
  • Irish P&C insurer FBD said it was on course to achieve its 2013 earnings targets after avoiding the surge in bodily injury motor claims that has hit the Irish operations of its rival RSA
  • Modelling agency RMS has said there is a good chance that the 17 November outbreak of tornadoes in Illinois and Indiana could produce a $1bn insured loss.
  • Former CIG Re and New Castle Re founder Chris McKeown has been appointed CEO of New Ocean Capital Management, the investment management company set up by XL and Stone Point Capital earlier this year
  • Bermudian reinsurer Montpelier Re has added former KPMG executive Henry Keizer to its board of directors, effective immediately.
  • Charles Taylor, the insurance-focused outsourcing group, is on course for a "satisfactory" financial performance over 2013 as a whole, helped by steady growth at its loss adjusting and mutual management services arms, it said today (19 November).
  • Allianz's Global Corporate & Specialty (GCS) division has converted itself into a Societas Europaea (SE) or European Company as part of its preparation for the Solvency II capital regime, it said today (19 November)
  • Maiden Holdings is seeking to end the financial drag of its expensive trust preferred securities (Trups) after announcing a move to raise new lower cost debt to refinance the securities.
  • Swiss Re has agreed to pay $334mn for a 14.9 percent stake in Brazilian insurer Sul America S.A. as the global reinsurer seeks to enhance its position in the high growth markets in South America.
  • The depopulation of Florida's Citizens Property Insurance Corporation is at a key stage as the state-backed insurer looks to maintain momentum through take-out deals and the execution of its proposed clearing house initiative by 1 January.