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  • Start-up insurer Family Security Insurance Company is set to begin underwriting after securing $10mn of backing from a group of industry investors, including former BMS chairman Hugo Crawley, The Insurance Insider can reveal.
  • Validus is the first reinsurer to sue the US government for imposing federal excise tax (FET) on retrocession cover purchased outside the USA
  • New York-listed Allied World has demonstrated its enthusiasm for international growth with the high profile arrival of former Lockton International and Lloyd's executive Julian James next month.
  • Ace Bermuda and XL Insurance are facing UK pharmaceutical firm AstraZeneca in a legal wrangle that could see the Bermudian duo liable for up to £133.33mn ($200mn) to cover claims relating to an anti-psychotic drug called Seroquel
  • Bentley returns; White Mountains returns; Lumbis leaves; Trotti lands; Hyperion acquires; Liberty takes off; Safety negative; Lloyd's retains; Kiln boosts; Europe flat; Electronic claims on the up; Lemma liquidates; Randall sells; Berkshire takes on; Cats down under; RFIB hires Benfield exec; AIG top 25's salaries drop; Family ties Towers; Going global; Ward warns; Ping An approved
  • (Re)insurance stocks performed strongly in January as early reporting bellwethers in the US P&C industry beat earnings estimates and provided further evidence of sustained momentum for North American commercial rate increases
  • The Hartford's Q4 results were received cautiously as the US insurer's shares edged down by around 1 percent on the morning after they were announced on 5 February
  • Despite the universal challenge that brokers face in searching for growth, the early reporting firms all posted credible organic growth figures
  • The US P&C reporting season has turbo-charged optimism for 2013, as key players uniformly outperformed on Q4 2012 earnings and provided bullish updates on pricing momentum in the sector
  • The latest surveys from The CIAB and MarketScout point to strong momentum for US P&C insurance pricing, dispelling fears towards the end of last year that rate rises might be starting to plateau