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  • If cedants are struggling for higher ceding commissions and improved terms on their reinsurance contracts - an unlikely scenario in today's climate perhaps - they might do worse than point to a continued improvement in Bermudian carriers' loss experience on reinsurance business
  • Total disclosed losses stemming from the unusual hailstorms that struck parts of Germany and France in late July have reached nearly $1.5bn as the third quarter reporting season draws to a close, according to data compiled by The Insurance Insider's Data Room.
  • Industry-wide insured losses stemming from Super Typhoon Haiyan, which made landfall in the Philippines earlier this month with Category 5 strength, could now range between $300mn and $700mn, according to a forecast by AIR Worldwide.
  • Dual Ibérica, the Spanish arm of Hyperion Group's global managing general agency (MGA) Dual, has unveiled ambitious diversification plans as it cited production figures that showed the market beginning to pick up after the country's financial and banking crisis.
  • The Spanish economy is through the worst of the country's economic and banking crisis and is in a position to benefit from internal reforms and links to fast-growing Latin American economies, senior London market executives heard at a high-level gathering in Madrid last week.
  • Further misery for Tower Group as it's forced to remind investors about its parlous situation.
  • Catastrophe modeller AIR is set to release a model for US inland flood risks in early 2014 in a bid to make the market more viable for private market insurers.
  • The hull of the Tatarstan Airlines Boeing 737 that crashed in Russia at the weekend was insured for just $9.5mn, with the cover brokered by Willis and shared between underwriters in London and Russia, according to aviation market sources.
  • If Lloyd's follows through with its threat to stop Canopius Syndicate 260 trading forward in 2015 a merger into one of the carrier's other syndicates will be pursued to guarantee its future, The Insurance Insider has learned.
  • Broker consolidator Towergate is in advanced talks to buy Footman James, a UK broker of classic car and motorcycle insurance, from current owner Aon, according to press reports.