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  • Risk carriers are dreadful pessimists, with a tendency to look for the cloud attached to every silver lining.
  • The howls of protest may have faded and the air of indignation that permeated Lime Street in March dissipated, but many London market underwriters are still resentful of the Aon-Berkshire sidecar.
  • Scor is looking to expand its US client base further into excess and surplus lines (E&S) and risk retention groups as it continues to re-establish itself as a local reinsurer in the world's largest insurance market
  • Hannover Re says demand at the 1 January 2014 renewals is likely to hold steady overall, in part due to the stabilising effect of recent flood events in Europe and Canada on rates.
  • Following an extensive consultation with the market Lloyd's has said that the most likely successor to CEO Richard Ward is a candidate with a background in the sector
  • Japanese cooperative Zenkyoren has doubled the size of its first indemnity bond Nakama Re to $300mn as competitive pricing conditions continue in the ILS market.
  • The uptick in reinsurer valuations means that the dynamics for M&A transactions are becoming less attractive, according to Validus Re CEO Ed Noonan.
  • Munich Re expects to absorb claims of EUR180mn ($234mn) from severe hailstorms that struck Germany in late July, the world's top reinsurer said on Sunday (8 September).
  • Ratings agencies expect reinsurers' return on equity to fall to the high single digit range in 2014 as the over-capitalised industry combats pricing pressure and low interest rates, but say the outlook for the sector remains stable.
  • Global reinsurer Munich re has sounded a sceptical and defensive tone regarding the potential threat to its business from the influx of alternative capital into the non-proportional property cat market.