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  • Hurricane Sandy is shaping up to be a major threat to the East coast of the US as it barrels across the Bahamas on a collision course with a pressure trough from the west that could significantly expand the storm's wind field.
  • Spanish (re)insurer Mapfre's rapidly expanding emerging market business in has helped it to grow its top-line by almost 10 percent during the first nine months of 2012, despite economic challenges in its traditional core domestic market.
  • Lloyd's has given a positive spin to the latest Solvency II delay and highlighted the potential benefits, noting that regulators and policymakers can use the extra time to eliminate unnecessary elements and realign over-ambitious provisions in the regime.
  • Aon's broking operations posted flat revenue of $1.8bn in the third quarter as organic growth was offset by falling investment income and unfavourable foreign exchange rates
  • Jeff Consolino, Validus' highly regarded CFO and strategic mastermind, is to leave the expansive Bermudian reinsurer for American Financial Group
  • Validus became the latest US/Bermudian (re)insurer to beat Wall Street expectations as it posted operating profits of $170.6mn, or $1.74 a share, compared to $112.6mn or $1.09 a share in the prior-year period
  • The California Earthquake Authority (CEA) has lined up a $1.68bn subscription list to fill the first part of its 2013 risk transfer programme, according to an agenda document posted on the organisation's website
  • Chubb's Q3 financials echoed the bullish tone of the US P&C reporting season so far as the insurance giant smashed earnings forecasts and reported sustained momentum on price rises.
  • Validus Holdings CFO Jeff Consolino is resigning the position to join another financial services company, the reinsurer has revealed.
  • Lloyd's has spotted potential for developing political risk and crop insurance in the growing South African insurance market which already accounts for over half of Africa's non-life gross premiums.