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  • Broking powerhouse Aon plc said its group profit rose by a better-than-expected 25 percent in the three months to 30 September, helped by a five percent increase in organic revenues from its Aon Benfield reinsurance broking arm
  • Global insurance giant American International Group (AIG) has hired Seraina Maag from XL Group to become the new chief executive of its operations in Europe, the Middle East and Africa (EMEA).
  • Australian insurers look set to absorb A$138mn of losses from wildfires that have ravaged New South Wales this week, with a total of 1,011 claims filed so far, the Insurance Council of Australia (ICA) said today (25 October).
  • Japanese insurance giant Mitsui Sumitomo and Norwegian protection and indemnity (P&I) club Skuld have agreed to a deal that will allow Mitsui to offer a bluewater fixed-premium P&I product to the Japanese ship-owning community.
  • Merger talks between Phoenix Group and Swiss Re's Admin Re unit are "progressing", the UK legacy life insurer said today (25 October), more than three months after it first emerged the two sides were discussing a possible tie-up.
  • Sue Langley, a former executive director at Lloyd's of London, has been recruited to lead the UK government's new Financial Services Investment Organisation.
  • Axa, Europe's second-biggest insurer, said its sales edged 3 percent higher to EUR69.5bn ($90.3bn) in the first nine months of 2013, with strong growth at its life and savings division offsetting slower progress at its P&C operations.
  • A benign quarter for cat losses helped Validus Holdings boost its third quarter underwriting profits by 16.5 percent to $143.1mn.
  • Chubb has provided further evidence that commercial insurance price rises remained robust in the third quarter, joining several of its peers in challenging the view among some market commentators that rate momentum would begin to wane.
  • The governor of the Bank of England, Mark Carney, has said the UK is open for business in a positive bid to reinforce London's position as a global financial hub and reinvigorate globalisation in the face of declining cross-border capital flows.