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  • Lloyd's has welcomed the UK Financial Services Authority (FSA)'s approach on adapting to Solvency II policy uncertainty and is in talks with the regulator to adjust its timelines on the approval process in light of delays to the new regime
  • Spanish international (re)insurance group Mapfre has been removed from Creditwatch with negative implications by ratings agency Standard & Poor's.
  • London and international technology and services provider Xchanging has announced that its Xchanging Ins-sure Services (XIS) London market joint venture has signed a £65.5mn five-year contract to continue providing the Insurers' Market Repository (IMR) to the market.
  • Hurricane Sandy has intensified into a strong Category 2 storm prior to making landfall on the Cuban coast after crossing over Jamaica last night (24 October).
  • Allied World has settled its dispute with wholesale broker Southwest Risk over two US commercial property placements that soured, according to a statement from the broker
  • Allied World has settled its dispute with wholesale broker Southwest Risk over two US commercial property placements that soured, according to a statement from the broker.
  • Axa has declared a 4 percent increase in its P&C revenues to EUR22.2bn in the third quarter.
  • Hiscox plc is on course to turn a profit from its flagship Syndicate 33 for the 2010 year of account, which included the major international catastrophe losses of the first quarter of 2011
  • Aspen Insurance Holdings trounced Wall Street expectations on operating profits and unveiled a new $400mn share repurchase authorisation as it highlighted its strategy for effective capital management
  • Everest Re continued the trend for (re)insurers outperforming on Q3 financials as it booked operating profits of $210.6mn, compared to $146.7mn in the prior-year period