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  • US says no to SII equivalence: FIO; Meranti losses could hit $1.15bn: AIR; Besso Ebitda rises 15% in 2015; France attempts to lure insurers; Wray returns; Castel launches division; Gable posts H1 loss
  • Sirius Group has added key personnel to its corporate and underwriting ranks as it looks to pursue growth both organically and through M&A.
  • Claims management is not high enough on the agenda of priorities for the London market's Target Operating Model (Tom), XL Catlin chief experience officer Paul Jardine has claimed.
  • Aviation industry executives have named failure of critical IT systems as the risk which most concerns them, according to a report from Willis Towers Watson.
  • The North American mutual market is a paradoxical place - ripe for disruption and afflicted by a creeping cost base, but still reluctant to change.
  • In a momentous hearing at New York's Supreme Court, Maurice "Hank" Greenberg has taken the stand to give evidence in a decade-old suit accusing the 91-year-old executive of fraud.
  • The contrasting reactions to the damage to the Kwame Nkrumah floating production storage and offloading (FPSO) vessel in June this year and the Gryphon North Sea FPSO loss of 2011 show the extent to which overcapacity is dictating the market's moves.
  • The energy market is likely to continue softening into 2017 as huge overcapacity bears down on rates, according to JLT.
  • Tokio Marine HCC has exited the US builders' risk market in a demonstration of the extremely soft pricing conditions being experienced in the business line, The Insurance Insider can reveal.
  • A string of property moves between several E&S carriers added intrigue to the otherwise gloomy tone of meetings for underwriters at the Napslo annual convention in Atlanta last week.