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  • Bermudian (re)insurer Endurance increased net premiums written by 10 percent in the first nine months of the year to $1.6bn, as it secured more business and scaled back its reinsurance spending.
  • As delegates at this year's PCI annual event turn out their bedroom lights this evening after another hectic day of meetings, networking and discussions, the largest insurance public-to-private buy-out of the year will be formally announced.
  • The Navigators Group has launched a dedicated reinsurance unit to underwrite certain specialist lines.
  • The UK government-controlled Royal Bank of Scotland (RBS) has appointed investment bank giants Goldman Sachs and Morgan Stanley as advisers ahead of the sale of its insurance arm, The Insurance Insider can reveal.
  • Canada-based Sun Life Financial has agreed to sell its life reinsurance business to Warren Buffett's Berkshire Hathaway for an undisclosed sum.
  • Aspen Insurance Holdings has reported a 36 percent drop in third quarter net income to $92.8mn, with market conditions described by CEO Chris O'Kane as "highly challenging".
  • Willis Re is losing Colin Kiddie from its London operations to Guy Carpenter only a week after naming the executive as the new head of its specialty business, The Insurance Insider can reveal
  • US insurance giant Allstate has booked lower profits than anticipated by analysts, following a $70mn pay-out to settle litigation over the third quarter.
  • Allied World Assurance Company has lured senior Platinum Underwriters Reinsurance executive Kevin Marine to join its US reinsurance platform, The Insurance Insider can reveal.
  • American International Group (AIG) chairman Steve Miller will act as interim CEO in the event that president and CEO Bob Benmosche needs to step down due to his fight with cancer.