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  • Demand for catastrophe reinsurance from Asia Pacific countries is failing to keep pace with the region's buoyant economic growth because existing products don't meet buyers' requirements, reinsurance broker Guy Carpenter said today (4 November).
  • Pierre Wauthier, the Zurich Insurance Group finance chief who died in an apparent suicide in August, was not placed under any inappropriate pressure, and there were no irregularities in the company's financial reporting during his tenure, a regulatory investigation has found.
  • London-listed (re)insurer Hiscox plc said its premiums rose 10 percent in the first nine months of 2013, as strong growth at its insurance operations outweighed a downturn at its reinsurance arm.
  • Underwriting profits at Berkshire Hathaway's (re)insurance business more than halved in the third quarter from $392mn to $170mn as higher cat losses hit the bottom line.
  • Ryan Specialty Group (RSG) has agreed a deal to merge its wholesale platform R-T Specialty with rival broker Westrope in what the firm's founding chairman and CEO Pat Ryan described as a "landmark transaction".
  • Endurance has hired former Alterra executive Doug Worman to head up its US insurance division as it continues to build out its primary operations globally, The Insurance Insider can reveal.
  • Chris Hatt, chief executive of London market intermediary Decus Insurance Brokers, has resigned after an apparent falling out with its parent company, the US broker Brown & Brown, The Insurance Insider can reveal
  • The strong run American International Group (AIG)'s shares have enjoyed this year was halted in spectacular fashion today (1 November) in the wake of its third quarter results as a sell-off wiped $5bn from its market capitalisation.
  • In an extraordinary development, Berkshire Hathaway has issued a detailed denial of allegations that it inappropriately delayed or rejected asbestos-related claims.
  • Direct Line, the UK home and motor insurer spun out of Royal Bank of Scotland last year, reported a better than expected increase in its nine-month profit, helped by cost cuts and lower weather-related claims.