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  • Argo Group International Holdings has confirmed Art Davis as president of its excess and surplus lines (E&S) business, an appointment first revealed by The Insurance Insider in August
  • US buyout firm Carlyle has agreed to buy a majority stake in California-based insurance broker Edgewood Partners Insurance Centre (EPIC) for an undisclosed sum, providing further evidence of the private equity sector's growing interest in insurance intermediaries.
  • The ILS market has reached an inflection point in its growth but is still on track to keep expanding, Nephila Capital co-founder Frank Majors said in a panel discussion at the ILS Bermuda Convergence 2013 conference today.
  • Troubled insurer Tower Group has said there is "substantial doubt" over whether it can continue as a going concern while admitting it has discovered material weakness in its controls around financial reporting
  • German insurer Talanx today (14 November) reported a worse-than-expected 40 percent drop in its third quarter profit, driven by big weather-related claims in Europe
  • The European Union's long-delayed Solvency II capital regime for (re)insurers looks set to come into force in 2016 as planned after officials reached a deal on the proposed rules late yesterday (13 November).
  • Standard & Poor's (S&P) has downgraded troubled UK general insurer RSA's credit rating, saying weather-related claims and accounting problems revealed by the company last week could prevent it from building up its capital strength as planned.
  • London-listed (re)insurer Amlin plc said it expected to beat its 15 percent return on equity target for the year as a whole after an "excellent" underwriting performance during the third quarter, helped by an absence of major catastrophe losses.
  • Zurich Insurance Group on Thursday (14 November) reported a better-than-expected two-thirds increase in its third quarter profit, and confirmed that it no longer expected to meet some of the three-year financial targets it set itself in 2010.
  • A late night deal has been agreed on Omnibus II after eight hours of negotiations in Brussels, according to Sharon Bowles, chair of the European Parliament's economic and monetary affairs committee.