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  • The International Underwriting Association (IUA) has elected six London market executives to its board, the organisation announced on 5 July.
  • Colorado State University (CSU) updated its 2016 hurricane season forecast on 1 July to include one extra named storm, bringing the total number predicted to 15, as it said the transition away from an El Niño weather pattern continued.
  • Lloyd's managing agent Apollo has hired well-regarded marine underwriter Iain Henstridge as it looks to build out a hull book, The Insurance Insider understands.
  • Although there was evidence in some international territories of a slowdown in rate softening, price falls still typically outstripped the US for P&C reinsurance lines, according to mid-year renewal data from Willis Re.
  • There was further evidence of slowing rate reductions for US P&C placements at the 1 June and 1 July reinsurance renewals, according to Willis Re.
  • Brazilian national reinsurance giant IRB-Brasil Resseguros (IRB) has been exploring the sale of its London-based carrier now in run-off, The Insurance Insider understands.
  • Major Chinese conglomerate Fosun has entered the legacy space after a period of prolonged flirtation by backing Armour's pending acquisition of The Hartford's £452mn ($595mn) London market book, The Insurance Insider can reveal.
  • The management of Ark has made the final payment in its audacious staggered purchase of the Lloyd's insurer.
  • Recently acquired Tokio Marine HCC has recruited a trio of marine executives from XL Catlin's hull division, The Insurance Insider can reveal.
  • Reality check. The UK is out of the European Union and barring a miracle or a massive political U-turn it will not retain passporting rights to do cross-border business in the European Economic Area.