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  • This time last year the talk among underwriters was focused on how much Hurricane Sandy - the third costliest US storm on record - would accelerate a moderately hardening market for open market commercial property risks into 2013 and beyond.
  • Downward ratings pressure has intensified in the upstream energy market and underwriters are now typically conceding rate reductions of between 7.5 percent and 10 percent, according to market sources.
  • The marine insurance market looks set to continue bumping along the seabed or drifting marginally downwards at the 1 January renewals, with the only resistance likely to be provided by loss-affected reinsurers, a canvassing of senior marine underwriters has found.
  • Retro rates have continued to tank in the run-up to 1 January as capital-rich collateralised writers chase a relative dearth of risk, according to a variety of sources.
  • Cat pricing looks like it will soften even more at the crucial 1 January renewals than predicted two to three months ago, according to sources.
  • (Re)insurers should start repositioning their investment portfolios for the emerging risk of inflation and a potential knock-on impact on interest rates, says GSAM
  • The US was the only region to enjoy average rate increases in the third quarter with the largest decline seen in Asia Pacific, according to Marsh's Risk Management Global Insurance Index.
  • The slump in RSA's share price since it issued two profit warnings last month has made the UK general insurer more palatable to acquirers, but a sale of assets would be a more likely scenario as the company seeks to protect its dividend. We look at the group's options and the likely protagonists...
  • Brian Carpenter will give up his duties as CEO of Amlin's UK operation at the end of January ahead of full retirement later in 2014, The Insurance Insider first revealed on 3 December.
  • UK commercial broker Oval is restructuring and selling its financial services business in a deal that clears the board for a sale of the £150mn-rated business next year