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  • Disclosed losses from Sandy have surpassed $9bn, according to The Insurance Insider's loss tracker. The loss figure has swelled in recent days as losses from large commercial insurers such as Chubb, AIG and Ace have added to the total
  • The European Insurance and Occupational Pensions Authority (Eiopa) has published details on its future procedures for issuing warnings and temporarily halting financial activities it deems to be a threat to the stability of the financial system and consumers
  • NFIP has just $2.95bn left to pay out claims for Superstorm Sandy and no sign has been given yet on raising the organisation's borrowing cap....
  • In an exclusive interview with The Insurance Insider, Eiopa executive director Carlos Montalvo says he might not like the term "1.5", but he agrees that Europe should get on with implementation despite the setbacks this year
  • Collateralised retro provider Catco expects that losses from Hurricane Sandy will reduce its gross annual returns by 13.2 percent, based on a $20bn industry loss
  • In its latest three-year plan Lloyd's has clearly stated that it will look more favourably on non-aligned start-ups than those backed by corporate capital
  • 2012 insurance-linked securities (ILS) issuance reached $5.7bn by mid-December - well ahead of last year's total of $4.8bn and with two bonds currently in marketing, on track to meet the $6bn threshold that was predicted for the year
  • Bermudian reinsurer Montpelier Re has outlined its ambition for the newly listed third-party cat reinsurance fund Blue Capital by saying it would like to raise as much as $1bn within the next 3-5 years
  • Compre Holdings has provided a run-off solution for the legacy business of Norwegian firm SpareBank 1 Gruppen, The Insurance Insider revealed earlier this month
  • Swiss Re's $500mn investment in infrastructure debt last month shone the spotlight on an asset class expected to increasingly find favour among (re)insurers amid the pervasive low interest rate environment. We predict what might be in store for 2013...