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  • Jason Harris, the former head of UK commercial lines at Chartis, has joined XL to become CEO of its international P&C insurance business.
  • The share price of Charles Taylor Consulting (CTC) fell 11 percent this morning (23 January) after the (re)insurance service provider and run-off acquirer said full year results will be at the "lower end" of expectations
  • Allied World become the latest (re)insurer to update markets on its likely losses from the severe flooding in Thailand during the fourth quarter, with its losses now expected to reach $40mn to $50mn
  • The Alleghany Transatlantic Re deal has been significantly boosted by the support of influential shareholder proxy firm Institutional Shareholder Services (ISS), The Insurance Insider can reveal
  • Lloyd's (re)insurer Omega has rejected a proposal for a nil-premium merger that its peer Barbican tabled yesterday (19 January)
  • Cincinnati Financial's P&C insurance underwriting income will be $20mn-$24mn higher than expected due to positive development on cat loss estimates for prior reporting periods and a better-than-expected Q4 for cats, the US insurer announced
  • Canopius Syndicate 4444 has had its Lloyd's assessment level reduced from 3- to 2+ by Standard & Poor's (S&P) primarily as a result of a change in the capital charge imposed by the ratings agency on cat business.
  • Argo Group has estimated its loss from Thailand flooding claims at $25mn-$35mn, net of reinsurance and reinstatement premiums
  • Talanx has agreed to purchase Warta Group for EUR770mn as the German insurer looks to extend its presence in the fast growing Polish insurance market
  • Lloyd's insurer Marketform has announced that Simon Turner stepped down as CEO and director of its managing agency and as a director of Marketform Limited with effect from 13 January 2012.