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  • Japanese conglomerate Marubeni is taking a 22 percent stake in loss-struck carrier Asia Capital Re (ACR) as the reinsurer looks to rebuild its balance sheet after a challenging 2011
  • The Chubb Corporation has followed rival Travelers in reporting consensus beating Q1 profits and strong rate rises on its book of US commercial lines business.
  • London-quoted insurance services provider and run-off investor Tawa has announced the completion of the acquisition of 100 percent of Hamburger Internationale Rück (HIR) following receipt of the necessary regulatory approvals.
  • Aon's board of directors have approved a $5bn share buyback over the next five years that will replace the firm's existing $2bn programme.
  • Allstate has incurred $420mn of catastrophe claims in the first three months of the year, the carrier said ahead of its results release on 2 May.
  • Rob Cage, active underwriter for Lloyd's syndicate Chubb 1882, has left the US P&C heavyweight to take up the position of chief underwriting officer at the European arm of rival Travelers.
  • US P&C insurance bellwether Travelers has posted a strong set of Q1 results as premium growth, benign loss experience and increased reserve releases masked a less attractive performance in personal lines to produce an overall 58.7 percent increase in underwriting profits.
  • Hiscox's shares climbed by 5.2 percent in early trading today on the back of an analyst note from Jefferies which suggested that the London-listed insurer might look to return surplus capital.
  • Catlin Group has continued its strategic Asian expansion with the launch of a wholly owned representative office in Beijing.
  • Aviva has overhauled its senior management team, with long-serving European head Igor Mayer one of the prominent casualties