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  • Non-aligned Lloyd's syndicates have improved their profit projections for both 2011 and 2012, with a mid-point forecast of 4.79 percent and 6.71 percent of capacity respectively, up from 4.08 percent and 5.84 percent three months ago.
  • Consultancy firm Towers Watson today (14 August) said its (re)insurance broking arm achieved "high single-digit" revenue growth in the fourth quarter of its financial year, compared with overall sales growth of 7 percent
  • Caribbean insurance group Sagicor Financial said the European division it sold to US rival AmTrust last month made a net loss of $41.7mn in the first half of 2013
  • Ratings agency Fitch has affirmed Generali's A- insurer financial strength rating but has maintained a negative outlook on the firm.
  • Diversified German insurer Talanx reported a 15 percent increase in its half-year profit, as gains on the sale of investment assets and growth at the firm's international units helped outweigh heavy losses related to flooding in central Europe
  • Arch's Lloyd's operation and Chaucer are the leaders of the insurance policy that looks set to be hit by the latest in a series of jewel thefts on the French Riviera, The Insurance Insider can reveal.
  • Lloyd's members' agent Argenta has raised the fundraising target for its new investment vehicle VisionRe to £50mn as it seeks to capitalise on interest in the world's oldest insurance market, according to an investor memorandum obtained by The Insurance Insider
  • The Texas Windstorm Insurance Association (TWIA) has expanded its cat reinsurance placement for the 2013 hurricane season by 17 percent to $1bn and lowered its retention from $2.3bn to $1.7bn, the residual insurer confirmed.
  • The Indian regulator has loosened its controls on how many insurers a broker can distribute to, amid signs that the world's largest democracy is beginning to respond to foreign insurance groups' criticism of its highly regulated and protectionist approach
  • American International Group (AIG) has asked a California federal court to dismiss a suit concerning the insurer's "fraudulent" US government bailout in 2008, calling it vague and ambiguous