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  • European (re)insurance federation the CEA and 11 other international associations have written to the Insurance Superintendent of Argentina to express concerns over proposed regulations
  • London market services provider Xchanging has confirmed that Ken Lever will take over as CEO on a permanent basis after four months as acting CEO
  • Axis Re CEO William Fischer has stepped down from his Bermuda-based position to relocate as the company's chief underwriting officer and CEO of its American operations
  • Ironshore reduced its primary property writings by up to 40 percent at 1 June renewals because it viewed rates as inadequate following the recent catastrophe loss activity, including the devastating US tornadoes that struck in April and May.
  • Lloyd's of London remains committed to gaining admitted status as a qualifying alien reinsurer in New York State despite withdrawing its application for the same status in Florida.
  • An increasing regulatory burden is the biggest threat to the (re)insurance industry, according to a new poll of international (re)insurers.
  • The Lloyd's Market Association (LMA) has rebuffed calls from Indian commerce and shipping groups to reduce charges due to piracy risks on tankers travelling through the Indian Ocean off the nation's west coast.
  • London-based ILS manager Leadenhall Capital Partners has raised $50mn from new investors this year taking its assets under management to circa-$165mn.
  • Non-life insurers in Japan have already paid out more than $11bn of claims relating to homes damaged by the 11 March earthquake, the General Insurance Association of Japan has said.
  • Bermudian reinsurer Argo Re is turning to the cat bond market for the first time, attempting to raise $100mn of multi-peril protection under its Loma Re offering.