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  • Marsh & McLennan Companies (MMC)'s insurance and reinsurance brokerage units booked solid organic growth for the third quarter as the parent company reported operating profits that were in line with Wall Street expectations.
  • Pat Ryan, CEO of US wholesaler Ryan Specialty Group, has said that the rise of broker-owned facilities is a "profound statement" of the quality of underwriting in the London market
  • Although London is still the insurance world's "Mecca", the market needs to draw on its history of entrepreneurialism to remain at the centre of the global industry, Ryan Specialty Group CEO Pat Ryan said at the Xchanging London Market Conference today (6 November).
  • The rapid expansion of the London market's electronic storeroom of documentation has prompted Xchanging to accelerate a major new investment in the initiative to cope with user demand
  • New Europe-wide data legislation, which will require companies to be more stringent in the way data is shared between offices, according to global broker Marsh
  • Credit Suisse Asset Management has hired former Aon Benfield retro broker Nicky Payne for a new role as head of origination, sister publication Trading Risk revealed last month
  • Shares in American International Group (AIG) have clawed back some of the ground lost in the 1 November post-results sell-off, as investors reassess the outlook for the company.
  • Montpelier Re plans to raise $125mn from the initial public offering (IPO) of Blue Capital Re, according to an updated prospectus filed with the Securities and Exchange Commission
  • Bermudian reinsurers received more support from reserve releases during the third quarter of 2013 than they did in the same period last year, according to The Insurance Insider's Data Room
  • Share repurchases among Bermudian (re)insurers were uneven in Q3, with some carriers opting to rein in buybacks while others took a more aggressive stance