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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

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Asian reinsurance capacity pressures pricing

96 percent of respondents to the 1st Asia Reinsurance Barometer, carried out by the Qatar Financial Centre Authority, have indicated that they anticipate reinsurance supply to increase in Asia. 6 November 2013

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Demand for catastrophe reinsurance in Asia Pacific lags behind GDP growth

However, Guy Carp predicts that the conditions are ripe for a broader reinsurance community to respond positively with innovative and customised solutions. 4 November 2013

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Hiscox wrote 10% more business in 2013

Hiscox increased its gross written premiums by 10.1 percent year-on-year to £1,370 million, driven by the strength of its insurance business. 4 November 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

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Flood reform a major opportunity

With significant levels of convergence capital entering the cat market and reinsurers looking to take on more flood risk, there are significant opportunities for premium growth and risk mitigation says Brad Kading. 31 October 2013

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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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Growing use of ECMs will benefit full service reinsurers

As cedants in Europe increasingly use economic capital models (ECMs) to help them structure their reinsurance programmes, this will benefit those reinsurers able to offer a wider array of products, services and expertise and able them to establish a more holistic reinsurance programme for insurers. 22 October 2013

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Public-private partnerships can help close loss gaps

ccording to William Donnell, president of US property catastrophe at Swiss Re, public-private partnerships can help close the gap between insured losses and economic losses. 22 October 2013

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Disciplined in a steady marketplace

22 October 2013

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