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  • Despite a mixed response from the reinsurance market to its transition to a global catastrophe programme, Generali was able to secure enough capacity to fill its order without having to reprice the business.
  • As the reinsurance industry converged on Monte Carlo for the annual reinsurance Rendez-Vous last week, conversations seldom strayed far from Hurricane Katrina. But amidst the champagne and conjecture, there was a general consensus that rates would...
  • Mutual insurer Equitable Life has dropped the lion's share of its case against its former auditor Ernst & Young (E&Y), reducing its claim for damages to £700mn against the original £2.05bn figure.
  • AM Best has warned that if the US property and casualty (P&C) industry continues reserve releases into 2011 it will pose a danger to underlying reserve adequacy.
  • Bermudian Arch Capital followed its compatriot Platinum Underwriters in booking a solid set of Q2 figures as its bottom line benefitted from improving investment conditions and healthy reserve releases.
  • A sequence of natural catastrophe events outside the US has left Novae Group with a first quarter catastrophe bill of $60mn to $80mn
  • An AM Best study has indicated the US P&C sector fell to an overall underwriting loss in 2010, with the industry's combined ratio up 2.2 percentage points from 2009 to 102.1 percent.
  • Between cocktails and canapes (and back-to-back meetings) a guestlist of industry rainmakers debate the growing role of non-traditional players, fears over increased government intervention in the private reinsurance sector, the sub-prime effect and Trading Risk platforms...
  • Royal & Sun Alliance will be hoping for a quiet few days after last week’s double whammy of PR hits.
  • The Property Casualty Insurers Association of America (PCI) has voiced "deep concern" over potential conflicts between state regulators and the proposed Federal Insurance Office (FIO).