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  • Zurich Insurance Group has dropped the bottom layer of its US catastrophe treaty and accepted a significant increase on the higher layers as it renewed its cat cover after ceding significant Sandy losses to reinsurers, The Insurance Insider can reveal.
  • The upstream energy market looks set to continue on a twin track approach in the first quarter of 2013, with rate reductions on the property side counterbalanced by a hardening energy liability market, according to the latest assessment by specialist broker Lloyd & Partners (L&P).
  • Although rate rises on US commercial P&C business are no longer accelerating the sector outlook remains positive, with price increases likely to continue through 2013, according to Barclays analysts.
  • Industry entrepreneur Stephen Way has further hinted at his determination to repeat his previous successes with HCC by restructuring his expanding Houston-based insurance business HIIG.
  • Aon London move not for tax: CFO; AmTrust non-profit deal; Allianz Indonesian bribery settlement; The Hartford triple sale; Ryan Specialty workers' comp move; Gallagher makes five New Year acquisitions; Marsh makes buys another agency; Beecroft M&A team in at GC; Cangany head of E&Y Bermuda (re)insurance; Novae buys bonds back; Airmic raises casualty disclosure issues; Argo gets into sidecar race; Thyer swaps BMS Re for JLT Re; Global reinsurance outlook stable: AM Best
  • Lloyd's will announce the renaming of Project Darwin later this month to call time on a back office reform initiative that was in danger of becoming a political millstone for the London market.
  • Berkshire Hathaway continued its high-profile premium push at 1 January by securing a deal to write a 15 percent share of most of the global carrier QBE's reinsurance programmes, The Insurance Insider can reveal.
  • It's curious how the physics of the (re)insurance universe seem to evolve. Just as astrophysicists and mathematicians have struggled to find the holy grail of a unifying theory of matter, so tracking the shifting polarities of (re)insurance capital has baffled some of our industry's finest minds.
  • American International Group (AIG) has continued the revolution in its reinsurance buying by further slimming down its US catastrophe excess-of-loss (XoL) treaty and buying an aggregate product that mirrors its structure, The Insurance Insider has learned.
  • European legacy specialist Compre has agreed to buy a run-off portfolio of motor liabilities from Swiss Re, The Insurance Insider can reveal