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  • Aspen Insurance Holdings is closing in on achieving fully admitted status in all 50 US states and is targeting new offices in the "heartland" as it looks to build out its specialty platform in the world's biggest insurance market.
  • Axa P&C puts focus on direct drive; Xchanging sells US worker's comp operations; RMS 11 gets Florida seal of approval; ALICO buy for Admin Re; AM Best concerned about FHCF's ability to withstand large claims; Terra Firma has no plans to buy Chaucer; Towergate appoints new CEO; BP Marsh profits recover; RSA outlines plan for 100% renewable energy economy; State Auto downgraded to A on US Storm losses; Tower Group given rating boost.
  • Randall & Quilter (R&Q) is raising capital for a new £100mn fund that will give the firm additional firepower to continue growth by acquisition, The Insurance Insider can reveal.
  • RK Harrison has pre-empted its peers by making an early swoop to sign departing Aon Benfield Fac CEO Elliot Richardson, The Insurance Insider can exclusively report.
  • "To sum up - not only do we not know where we are going, we don't know where we are, and we are constantly revising where we have been."
  • The US property and casualty market remains soft - despite the wider industry's high-profile travails - with rates down 4 percent in May, according to MarketScout
  • Bermudian carrier PartnerRe has said it expects to incur net losses of between $50mn and $70mn from the outbreak of tornadoes in the US at the end of April
  • Ironshore reduced its primary property writings by up to 40 percent at 1 June renewals because it viewed rates as inadequate in light of the recent catastrophe loss activity, including US tornadoes that struck with such devastation in April and May.
  • Rating agency AM Best continues to be concerned about the Florida Hurricane Catastrophe Fund's ability to pay its claims in the event of a severe hurricane
  • The Florida-dominated 1 June renewals have revealed a volatile market with prices potentially reported anywhere from 15 percent down to 10 percent up on last year's programmes, Guy Carpenter has said