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Ann Haugh will join Aspen Insurance as both global chief underwriting officer and chief operating officer. Separately, Aspen is creating integrated P&C sub-segments in both its international and US operations. 8 November 2013

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Worman joins Endurance as CEO of US Insurance

He will be responsible for a broad range of professional, casualty, property and specialty lines offered through the company’s US producer network from the company’s New York Office. 6 November 2013

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JLT Towers Re officially launches

Towers Watson’s sale of its reinsurance brokerage business to JLT—for a cash consideration of $250 million—has been completed. JLT will conduct combined business as JLT Towers Re until full integration in 2015. 6 November 2013

Life

Bespoke IT systems costing industry

Old, bespoke IT systems are costing the insurance industry a third to a half more than they should, with standardisation the key to driving down costs. 1 November 2013

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Perfect storm requires innovative investment managers

A ‘perfect storm’ in the business environment means that insurance asset management in North America is at an inflection point that presents a considerable learning opportunity, according to Nicholas Liolis. 31 October 2013

Life

Christian comparable to Kyrill as Europe braces for losses

Extra-Tropical Cyclone Christian struck northern Europe this weekend, causing widespread damage that Eqecat estimates will be comparable to losses experienced following Windstorm Kyrill in 2007. 31 October 2013

Life

XL receives positive marks from AM Best

AM Best has highlighted improved operating performance and profitability, as well as the introduction of strengthened underwriting team, as being behind a positive revision to XL’s issuer credit rating and an affirmation of its A (Excellent) financial strength rating. 31 October 2013

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Wanted: smart and innovative brokers

The reinsurance market is in the midst of great change. Tens of millions in new capital is flooding into the market, says Tiger Risk. 22 October 2013

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TMR eyes up East Coast office for 2014

Tokio Millennium Re will be ramping up its stateside operations in 2014 with the formation of a US office, as the reinsurer looks to further diversify and expand its global footprint. 22 October 2013

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Newcomers to Zurich will struggle with traction

Reinsurers that have moved their operations to Zurich in recent years will struggle to gain the same traction in the European market companies that established operations there many years ago did. 22 October 2013

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