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  • A California district court has rejected FM Global's attempt to reduce a disputed $387mn claim filed by defence contractor Northrop Grumman after Hurricane Katrina.
  • A New York federal court has given the go-ahead to Greenlight Reinsurance's $42mn breach of contract suit against the US managing general agency Appalachian and its Bermudian affiliate over a series of reinsurance contracts.
  • English law has long been regarded as a more insurer-friendly jurisdiction than many others, but a judge recently gave leave to appeal his decision to support underwriters' rejection of a claim because he thought the outcome unfair.
  • Rated reinsurers were the strongest competitors for Florida working-layer risk this year despite an increased capital markets presence, RenaissanceRe said on an earnings call.
  • The cat bond market showed pricing leadership in the first half of the year rather than detaching from traditional market rates, Goldman Sachs' ILS team argued.
  • As the market digests new CEO John Charman's bold management overhaul at Endurance, there are already early signs that the Bermudian (re)insurer's share price has started to outperform.
  • News of bigger-than-expected claims, weak pricing trends and tumbling investment returns combined to take the shine off the big European reinsurers' quarterly results over the last two weeks, triggering an unenthusiastic shareholder reaction.
  • The underwriting performance of the (re)insurers in our "Bermuda" universe of publicly quoted P&C (re)insurers improved in the first six months of 2013 compared to the corresponding period in 2012, despite a heavier year-on-year catastrophe burden in the second quarter.
  • Share repurchases at P&C (re)insurers in our Bermuda cohort continued to accelerate in the second quarter of 2013 amid a dearth of adequately profitable opportunities to deploy underwriting capital.
  • The top line of The Insurance Insider's Bermuda composite has grown by 8.6 percent in the first half of the year compared to the same period in 2012, taking total gross written premium (GWP) to $35.5bn.