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  • (Re)insurers should respond to the low interest rate environment by being more creative with their balance sheets and generating more return from investments, according to Allied World CEO Scott Carmilani.
  • (Re)insurers should respond to the low interest rate environment by being more creative with their balance sheets and generating more return from investments, according to Allied World CEO Scott Carmilani.
  • Axis Capital has been given approval in principle to launch a £119mn ($180mn) insurance-focused Lloyd's syndicate that will begin underwriting from 1 January 2014.
  • Axis Specialty has been rewarded for its track record of "strong" operating performance by having its financial strength ratings upgraded from A to A+ by AM Best
  • Commercial US P&C insurers will release reserves at a slower pace than personal lines insurers as redundancies for older accident years dwindle, according to ratings agency Moody's.
  • CNA has been given a boost by Fitch with the upgrade of its financial strength ratings from A- to A with a stable outlook.
  • PFIH Ltd said its pre-tax profit jumped 50 percent last year as rising revenues and lower interest payments helped offset costs associated with an abortive motor market venture
  • Willis North America has announced that Eric Joost will take up the new position of chief operating officer.
  • Former Hiscox plc senior executive David Bruce has received "in principle" approval to launch Acappella Syndicate 2014 on 1 January after the Lloyd's Franchise Board met yesterday (24 September), The Insurance Insider can reveal
  • AIG CEO Robert Benmosche has apologised for comments suggesting public criticism of the bonuses paid to the insurer's executives in the aftermath of the 2008 was "just as bad" as racist lynchings