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  • After years of deteriorating underwriting conditions in US casualty reinsurance, there is cautious optimism among reinsurers that predicted post-loss hardening in property lines will instigate a slow turn in third party business.
  • Insurance services provider Patriot National has gained another five months to file delayed results with the Securities and Exchange Commission (SEC) while continuing to trade on the New York Stock Exchange.
  • An escalating loss adjuster shortage following the wave of recent catastrophes is further inflating claims costs and adding to post-event loss amplification.
  • Pre-tax profits at listed insurance-sector investor BP Marsh more than doubled to £11.9mn ($15.8mn) in the six months to 31 July after gains from asset sales.
  • These Mexican losses are just the tip of the iceberg for the London direct and facultative (D&F) market.
  • Two well-known figures in the trade credit insurance market have made a return to EC3 after lining up private equity funding to build a wholesale and specialty broker.
  • As reinsurers continue to put out provisional loss estimates for Q3 cats, there is a growing recognition that 1 January will bring about a hardening in the US property treaty sector that could spread to other lines.
  • Insurance-linked securities (ILS) investors contemplating leaving the sector because of low rates may be enticed to stay by the price increases expected following the recent hurricanes, according to Todor Todorov, head of ILS research at Willis Towers Watson.
  • Insurance-linked securities (ILS) managers must enter into dialogue with cedants to build confidence following the recent hurricanes, said Paul Schultz, CEO of Aon Securities, speaking at the Trading Risk New York Rendez-Vous last week.
  • A look-up table of all the Q3 loss announcements so far by company