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  • Around five months after this publication first cast the spotlight on it, Willis's answer to the Aon-Berkshire Hathaway Lloyd's sidecar is finally set to go live, The Insurance Insider has learned.
  • Property cat rates will be down an average of 5-10 percent at the 1 January 2014 renewals for loss-free accounts, according to Willis Re
  • While the influx of alternative capital into the reinsurance market dominated conversations in Monte Carlo, subsequent industry gatherings have placed the issue into the broader context of diverging P&C outlooks
  • Ever since the global financial crisis hit hard in 2008, the reinsurance industry has instinctively known the regulatory backlash has been coming.
  • Ukrainian (re)insurer Lemma continues to face a EUR10mn liability arising from its indirect involvement in the UK solicitors' market through its Gibraltar-based Lemma Europe affiliate in 2009 and 2010
  • Lexington has laid down the law to brokers, buyers and competitors in the pressurised US property insurance market by saying it will walk away from business rather than accept rate reductions at renewal, The Insurance Insider can reveal.
  • The spread of cloud computing and draconian new data protection legislation looks set to accelerate already rapid growth in the cyber insurance market
  • Hannover Re has said that significant losses from a series of hailstorms and a bout of serious flooding will result in "appreciable improvements" on German cat-exposed business at 1 January
  • Arch Bermuda has paid the Tennessee Valley Authority (TVA) a $42mn settlement for a $50mn excess liability policy on one of the largest environmental disasters to hit the US mainland in recent years, according to a TVA spokesman
  • The global (re)insurance industry should look to deploy its excess capital by widening the insurance market and meeting customer needs with profitable new products, a high-ranking panel of industry executives told the Guy Carpenter Baden-Baden Reinsurance Symposium yesterday afternoon (20 October)