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  • 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
  • Lloyd's head of underwriting Tom Bolt has accused the P&C reinsurance industry of "letting itself down" on emerging risks such as contingent business interruption insurance (CBI) and not adapting to provide products or sufficient capacity to meet the needs of clients trading in the global economy.
  • Prices at Lloyd's of London's latest capacity auction fell by almost half relative to the previous tender, but were up by nearly two thirds compared with a year ago, Lloyd's members' agent Argenta said on 17 October.
  • The International Association of Insurance Supervisors (IAIS) has said up to 50 major cross-border (re)insurers could be subject to proposed new capital rules when they are implemented in 2019.
  • Standard & Poor's (S&P) has given an A- financial strength and counterparty credit rating to reinsurer Echo Rueckversicherungs, upgrading the firm by three notches to reflect the financial backing of its parent, German mutual insurer DEVK
  • Endurance has confirmed the hire of Chris Donelan as president and chief underwriting officer (CUO) for its US reinsurance operations from rival Axis.
  • BB&T's insurance services division reported a 38 percent year-on-year increase in net income to $22mn as the unit benefited from improving insurance market conditions.
  • Talanx, Germany's third-biggest insurer, said it expects to absorb a net loss of EUR130mn ($170mn) from a severe hailstorm that struck the country in July
  • Steven Burns, who recently relinquished his position as CEO of QBE Europe, has reversed his decision to become Group CFO of the Sydney-listed insurer and will instead retire.
  • SCOR CEO Denis Kessler has reaffirmed his organisation's commitment to growing in the emerging markets but added that the only way to do so successfully was to back "indigenous people" and be patient on returns.