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Asia

JLT's profit margin hit by US build-out

JLT's first half profit margin declined from 19.7% last year to 17.3% as it made a net trading loss of £12.6m on its US specialty business. The broker said this was in line with expectations.

Australia: Catastrophes threaten capital flow

Australia is on course for the worst year for natural disasters since 2011. Alex Davis examines the impact of the costs to a domestic insurance industry that may consolidate after a period of increased competition.

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