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Xchanging tackles tangled fee process for external experts
Business outsourcer Xchanging has launched a bolt-on to its Fees Direct payment software that aims to streamline, monitor and manage fees paid to third-party experts
01 February 2013
Space market braced for $400mn Intelsat loss
The launch failure of the Russian Zenit-3SL rocket could cause $400mn of insured losses to the niche space (re)insurance market
01 February 2013
Ward: Surplus capacity biggest challenge to new market access
Lloyd's CEO Richard Ward has described the excess capital in emerging countries as a greater obstacle to entering these markets than regulatory hurdles.
01 February 2013
Hyperion to buy controlling stake in Asian broker
Hyperion Insurance Group is poised to acquire a 55 percent controlling interest in the Hong Kong-headquartered broker FP Marine Risks, The Insurance Insider can reveal
01 February 2013
Argo appoints marine claims chief from Aon
Argo International has appointed Robert Dobson as marine claims manager
01 February 2013
R&Q shares rise after profit guidance
The shares of UK-listed R&Q climbed 2.2 percent this morning (1 February) after the company advised investors in a London Stock Exchange announcement that its pre-tax earnings were likely to meet "current market expectations"
01 February 2013
Australian flood losses hit $300mn
Insured losses from flooding in Queensland and New South Wales have climbed to A$290mn ($302mn)
01 February 2013
Aon Benfield delivers 5% organic growth in 2012
Despite slower growth in the fourth quarter, Aon Benfield delivered full-year organic growth of 5 percent.
01 February 2013
Selective passes $96mn of Sandy cat losses to reinsurers
Selective Insurance has announced lower-than-projected pre-tax net losses of $40mn for Superstorm Sandy, which amount to $30.3mn after tax and make up less than half of the carrier's full-year cat losses of $64.1mn
01 February 2013
Validus reports better-than-expected Q4 loss
Validus Holdings turned a fourth quarter operating loss on Superstorm Sandy but still comfortably beat Wall Street forecasts as its bottom line was aided by better-than-expected attritional results and the fillip of reserve releases.
01 February 2013
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