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  • The pricing differences prevalent through 2006 continued during the important 1 January reinsurance renewals with US cat exposed property lines maintaining an upwards trajectory while other classes and territories under pricing pressure.
  • Industry declared losses in relation to the Chile earthquake have now reached $6.5bn after Swiss Re became the latest (re)insurer to up its loss estimate, with a new figure of around $630mn.
  • AIG's $725mn Ohio pension funds settlement appeared to bring long-running securities litigation to a close. But closer scrutiny has raised doubts over its ability to fund its obligations.
  • Despite the prospect of a late renewal described as the most difficult since 2006, reinsurers so far appear to have learned lessons from the market dislocation that occurred in the aftermath of Katrina
  • Former New York attorney general Eliot Spitzer is again haunting US court rooms as another former Marsh executive is accusing the broker of hanging him out to dry as part of the infamous $850mn bid-rigging and contingent commissions settlement
  • Lloyd's insurer Kiln is close to topping out its £260mn Syndicate 510 property capacity for 2004, surprising the marketplace and leaving some brokers high-and-dry when it comes to placing renewal business. Sources suggest it seems that rates didn't fal
  • By 2013, insurance regulators' forum the International Association of Insurance Supervisors (IAIS) expects to have an international regulatory framework ready for impact assessment, as it continues the drive for more consistent global regulation.
  • Groupama UK has shrugged off competition to acquire the privately owned Lark Insurance Broking Group and continue the trend for UK insurers to acquire distribution channels, in a move that was swiftly followed by AXA's swoop for The Davis Group today
  • Whatever the prospects for US asbestos reform, Equitas is likely to boost its asbestos reserves when it announces its annual results on Wednesday.
  • Climate Exchange - the carbon trading platform sold last month for £350mn - has injected capital into the loss-making reinsurance trading platform as talks to secure its future continue