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  • Despite the overall picture of declining rates in the US, Brit CEO Mark Cloutier believes there are sufficient margins to be had in the world's biggest insurance market.
  • Major UK life insurer Legal & General will resign from the Association of British Insurers (ABI) at the end of 2014, the company announced in a statement today (13 August)
  • Brit Insurance confirmed this morning (13 August) in its interim results that it is to pay its first dividend as a public company since re-listing earlier this year, offering shareholders 6.25p per share.
  • Perils has increased its loss estimate for Windstorm Tini by 11 percent to EUR281mn ($376mn), the loss compilation agency announced today (12 August).
  • Ratings agency Fitch has revised its outlook on the Italian insurance market from negative to stable following stronger-than-expected first-half results from Italian insurers
  • Tropical storm Halong dropped three feet (91cm) of rain when it made landfall in Japan on Shikoku Island on 10 August, causing the evacuation of half a million people.
  • China's biggest reinsurer is reportedly planning a Hong Kong initial public offering of up to $2bn, according to media reports
  • Hedge fund reinsurers that pursue a more aggressive investment strategy than traditional carriers consume "vastly more capital", Standard & Poor's (S&P) said today (11 August)
  • Weekly share price data on The Insurance Insider's universe of P&C (re)insurers
  • (Re)insurance stocks moved further into the red last week as the performance of The Insider 30 index fell back by 0.32 percent, led by continental reinsurers.