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  • An Israel-based property developer has sued Zurich Insurance Group over damage the firm suffered from Superstorm Sandy.
  • Japanese mutual Zenkyoren is set to double its Nakama Re cat bond to $300mn, which will be used to form a new indemnity layer at the top of its reinsurance programme, sister publication Trading Risk has reported.
  • Global reinsurers will report weaker profits next year, held back by a triple whammy of falling prices, declining reserve releases and persistently low investment returns, Fitch analysts said in their annual outlook report for the sector.
  • Aon Benfield Securities CEO Paul Schultz said that 2013 could prove to be an "inflection point" for the insurance-linked securities (ILS) market, estimating that $3bn had entered the sector in the past six months.
  • The Karfunkel clan avoid the limelight. But they will soon have influential positions in three different - but related - quoted US/Bermudian (re)insurers. The Insurance Insider lifts the curtain on the three companies to see how the potential conflicts of interest are being managed  
  • To fully emphasise the divergence in performance, we have compiled a table to demonstrate the sources of returns generated by these businesses currently.
  • The first half 2013 results of London-listed specialty (re)insurers were notable for two key trends.
  • Six months of benign catastrophe losses and low attritional losses more than offset a choppy investment environment to make a meaningful improvement in the reported profitability of the specialty London (re)insurance sector.
  • Charles Taylor plc reported a 17 percent increase in its half-year profits, but a cautious outlook statement for the second half of 2013 weighed on the insurance services firm's shares.
  • Zurich Insurance Group faces an uphill struggle to dispel investor worries that a below-strength senior management team will prolong a bout of under-performance at the insurer, rocked last week by the apparent suicide of its finance chief and the departure of its chairman.