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  • The disappointing fourth quarter results reported by Willis last week were put down to extraordinary or company-specific factors that hurt the broker in North America, the UK and on the continent.
  • The overwhelming likelihood is that Willis will choose an external candidate when the time comes to succeed chairman and CEO Joe Plumeri.
  • Chartis is raising insurance rates and focusing on underwriting for profit as it emerges from the crisis in 2008, according to parent American International Group's chief executive Robert Benmosche.
  • Investors have over-punished XL for its poor showing in the fourth quarter of 2011, according to the company's CEO Mike McGavick.
  • International (re)insurer Axis Capital shed a large amount of exposure to international cat business at 1 January as it loaded non-modelled business more than its peers, president and CEO John Charman revealed last week.
  • Alterra president and CEO Marty Becker has called for reinsurance giants Swiss Re and Munich Re to drive a widespread market turn, describing the European pair as "the only two players big enough to drive reinsurance rates".
  • Moody's has downgraded the financial strength ratings of three of Japan's biggest insurers, Tokio Marine, Mitsui Sumitomo and Sompo Japan, following the recent hikes in their net loss estimates from the Thai flooding.
  • Validus CEO Ed Noonan has criticised some of the reinsurer's Bermudian peers for failing to make detailed disclosures on their exposure levels and likely cat losses.
  • The risk management capabilities at PartnerRe did not keep pace with the organisation's growing complexity after its $2bn Paris Re acquisition, explained Standard & Poor's (S&P) as it downgraded the reinsurer's financial strength rating by one notch to A+.
  • Newly launched wholesale and facultative broker Faber has access to Willis Group funds for accretive acquisitions in the London market and beyond, and is already in discussions with third parties, according to its founding CEO.