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  • Lloyd's struck a notably downbeat tone last week on pricing momentum for specialty (re)insurance business while posting an impressive market-wide £1.53bn pre-tax bottom line for the first half of 2012.
  • Swiss Re is seeking $300mn for a renewal of the MultiCat Mexico cat bond on behalf of the Mexican government's disaster fund.
  • Despite a strong headline performance, Lloyd's underlying combined ratio increased by more than 6 percentage points to a level that has only been exceeded once in the seven years since Hurricane Katrina.
  • The underlying trend for insurers to increase retentions on traditional excess-of-loss US casualty reinsurance programmes is expected to continue, according to Bill Eyre, managing director of Towers Watson's reinsurance brokerage.
  • With the Council of Insurance Agents & Brokers' (CIAB) 2012 Insurance Leadership Forum in full swing, there are two common topics of conversation among reinsurers, insurers, brokers and clients in Colorado Springs.
  • "We've been riding the coat tails for several years, Christmas is over and it's time to start really being disciplined again"  
  • Another competitive renewal for UK solicitors' professional indemnity (PI) has seen rates continue their trajectory of mild softening.
  • London-listed Tawa has been struck by a series of key staff departures just as the up-for-sale company is trying to persuade investors of its attractiveness following a series of trading setbacks in 2011-12, The Insurance Insider can reveal.
  • Bermudian (re)insurer Argo will not proceed with a special purpose syndicate (SPS) at Lloyd's to support its 2013 underwriting, The Insurance Insider understands.
  • Lemma Europe Insurance Company has been placed in liquidation after its Ukrainian sister company "failed to honour" its reinsurance agreements with the Gibraltar-based firm, according to the Financial Services Commission of Gibraltar (FSC)