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  • UK outsourcing firm Xchanging has won a 12-year contract with broking giant Marsh to provide Brokasure as its core broking software.
  • Reinsurers that fail to adopt the evolving model of third party capital management risk being disintermediated, according to Willis Capital Markets CEO Tony Ursano
  • The Hartford Financial Group CEO Liam McGee has said the firm's losses from Hurricane Sandy could reach $350mn, above which its reinsurance programme would cover 90 percent of any additional costs.
  • Whilst we all hanker after simplicity and certainty in an increasingly complicated world, we all know that simple doesn’t always mean better.
  • Momentum on US P&C commercial insurance rates picked up in November after easing in October, according to the latest data from broker and underwriter MarketScout.
  • UK Chancellor of the Exchequer George Osborne has announced a further one percentage point reduction in the headline rate of corporation tax to 21 percent by April 2014.
  • P&I insurer Skuld has posted a 103 percent combined ratio for Q3 after record high claims costs from the International Group of P&I clubs' (IG) pooling arrangement took their toll on an otherwise profitable book of business.
  • Travelers' pre-tax net loss from Hurricane Sandy is approximately $1bn, with pre-tax gross losses of $1.135bn.
  • FM Global has told its reinsurers to expect a ground-up loss of $750mn-$850mn, making it the biggest treaty loss from Sandy so far, The Insurance Insider can reveal
  • Clyde & Co senior partner and London market legal veteran Michael Payton will step down at the end of 2013, after heading up the law firm for almost 30 years