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  • Hannover Re CEO Ulrich Wallin has said the reinsurer will not enter a price war in the face of falling premiums and would rather sit out of the market if rates fall too sharply, German newspaper Welt am Sonntag reports
  • The 1 January reinsurance renewals have seen reinsurers forced to accept widespread risk-adjusted price reductions in both long and short-tail classes and in almost all geographies, according to a report issued today by MMC's reinsurance arm, Guy Carpenter.
  • Ratings agency Standard & Poors (S&P) has raised its Lloyd's Syndicate Assessment (LSA) of Catlin's Syndicate 2003 4+ from 4 after a criteria change gave the outfit's strong franchise and enterprise risk management (ERM) a higher weighting.
  • The insured loss from Super Typhoon Haiyan, the tropical cyclone that devastated parts of the Philippines in November, will inflict a loss of around $1.5bn on the non-life insurance sector, according to the country's Insurance Commissioner
  • A EUR40mn private cat bond Windmill I Re (2013-1) has listed on the Bermuda Stock Exchange (BSX), according to listing documents posted 23 December.
  • Randall & Quilter (R&Q) has extended a deadline to receive regulatory approvals for a share purchase agreement with investment management firm Phoenix that was announced back in April
  • Acquisitive US broking heavyweight AJ Gallagher has announced a deal to buy Illinois retail broker Cleaveland Insurance Group (CIG)
  • The parent holding company of Asian regional reinsurer Asia Capital Re (ACR) has appointed Henry Du to head up the Greater China region as president and managing director.
  • Amlin's Lloyd's Asia platform and its marine managing general agency (MGA), RaetsMarine, have started writing fixed-premium maritime cover from its Singapore office, the group has announced
  • Privately-held Bermudian insurer Ironshore is set to increase its capacity on some US casualty lines to $50mn in 2014, The Insurance Insider has learned.