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  • Hurricane Sandy is yet to make landfall but already a flutter of preliminary loss predictions have emerged. This may seem premature considering the uncertainties involved but perhaps is also inevitable considering the sheer scale of the storm and the storm surge it will wreak over the forthcoming days.
  • As Hurricane Sandy edges its way ever closer to New York and the north-eastern states, the live cat market has opened
  • Modelling agency Eqecat has estimated that Hurricane Sandy could cause $5bn-$10bn in insured losses and $10bn-$20bn in total economic damages, which at the upper bounds would place it on the cusp of becoming a significant reinsurance loss.
  • Steady upwards pricing momentum in the underlying commercial P&C insurance market is expected to be sustained through 2013, according to Shaun Kelly, president and CEO of Ironshore's US operations.
  • This week sees the passing of the renewals baton from Europe across the Atlantic to the west coast of the US. The previous European accent of the headline news gains a more North American cadence and Generali makes way for Chartis on our front page
  • European (re)insurance stocks have fallen during trading today as Hurricane Sandy advances on the US eastern seaboard.
  • The open year of Lloyd's insurer Jubilee's run-off motor business is being brought to market to seek a reinsurance to close transaction at year-end, The Insurance Insider understands.
  • As the airline insurance market prepares for the major Q4 renewals, it is understood that brokers are using a 10 percent risk-adjusted discount as a starting point for negotiations
  • The volume of companies in liquidation in the US represents a "golden opportunity" for the run-off market, but the country's fragmented state-by-state regulatory system is hampering progress.
  • The long-anticipated overhaul of the National Flood Insurance Program (NFIP) is waiting on the too-close-to-call US presidential election result, but reinsurers could benefit from additional business being ceded in 2013.