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  • Travelers is set to pull its management liability reinsurance programme when it expires at the end of 2013, The Insurance Insider can reveal.
  • Willis today (23 October) unveiled its Global 360 follow-form facility and said that Berkshire Hathaway, PICC and Hiscox have all signed up to the initiative, confirming a report published by The Insurance Insider on 21 October.
  • International insurers are once again hunting for acquisitions, with seven out of 10 firms planning a deal in the next three years, according to a  survey published today (23 October) by consultancy firm Towers Watson.
  • British motor insurance prices suffered their biggest fall on record in the year to 30 September after carriers slashed rates in the expectation that new legislation designed to curb fraudulent claims would reduce their payouts, according to the closely watched AA insurance premium index.
  • Ace reported operating earnings that beat Wall Street estimates as its underlying underwriting margins benefitted from the rising tide of higher insurance pricing in US commercial insurance lines.
  • For the second time in less than three months, Standard and Poor's (S&P) has lowered, Malaysia-based Best Re's rating.
  • New York-based private equity firm Southport Lane has announced that Brandon Young has been appointed chief operating officer of its Southport Re reinsurance holding company.
  • Aspen Re has announced the launch of Rock Re, a dedicated brokered property facultative (fac) reinsurance unit within its US operation.
  • Lloyd's director of performance management Tom Bolt has accepted that brokers are likely to be correct when calling the direction of the market down for the 1 January European renewals
  • The strained relationship between Jardine Lloyd Thompson (JLT) and AJ Gallagher Ltd appears poised to descend into outright warfare, as a senior team of market-leading construction producers have resigned from JLT and are expected to re-emerge eventually at the London broker's rival