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  • Guy Carpenter has warned that the 1 January renewals will take place amidst uncertainty due to the close proximity of the Sandy loss to pricing negotiations.
  • The number of large commercial property programmes being discussed in the market as likely losses has started to grow, but Sandy still looks like it will be characterised more by a profusion of small losses than a handful of mega claims.
  • As loss estimates for Superstorm Sandy continue to swell, there is a growing expectation that smaller US regional carriers, mutuals and some nationals will see their reinsurance programmes savaged by losses.
  • Stephen Gordon, chief underwriting officer of AmTrust Europe, has left the company, The Insurance Insider can reveal.
  • Anacap-backed Lloyd's veteran Dane Douetil is now the frontrunner in the strategic process being run by the financial backers of Antares, The Insurance Insider can reveal.
  • Bermudian (re)insurer XL Capital maintained its position as the largest underwriter of UK solicitors' professional indemnity insurance, although total premium in the sector declined 6 percent to £240mn.
  • Insurers operating without a financial strength rating from a recognised rating agency now control more than 12 percent of the £240mn UK solicitors' professional indemnity (PI) insurance market, according to the Solicitors Regulation Authority (SRA).
  • Scor goes east; QBE falls; Eurotunnel settles; CEOs claims canvass; Sagicor doubles; Chubb cancels; Sandy deducted; Catlin upbeat; Scor nets EUR318mn; Sandy $14bn?; Steam ahead; Dual appointment; Philadelphia moves; CRO go; Montpelier Re new venture; Sale away; Barbican departure; Goodbye Chartis; General strategy; Fireman drags; Beazley 90%; Xchanging win
  • The impetus for process reform in the London market lies with the three main broking houses as a result of the "potent percentages" of business they control, industry éminence grise Barnabas Hurst-Bannister said last week.
  • More than two years after a trio of earthquakes, New Zealand insurers have paid out only NZ$11bn to policyholders despite legitimate claims running in advance of NZ$30bn.