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  • Standard & Poor's (S&P) may upgrade its Lloyd's rating next year after changing the Society's outlook from stable to positive because its competitive position has "improved relative to its peers"
  • The Tennessee Valley Authority (TVA) has been found liable for damages caused by one of the largest environmental disasters to hit the mainland US in recent years.
  • Bermudian run-off acquirer Enstar has continued its flurry of summer acquisitions with a deal to acquire US insurance group SeaBright Insurance Holdings in a transaction valued at $252mn.
  • The Missouri Department of Insurance has issued stronger reinsurance requirements for the state's mutual insurers after last year's Joplin tornado forced some into financial distress.
  • Federal support for the terrorism insurance market via backstop reinsurance must be maintained because the private sector cannot provide a competitive market, the Risk and Insurance Management Society (Rims) has warned.
  • The Federal Reserve Bank of New York has sold the remaining securities in the Maiden Lane III portfolio to book a total net profit of $17.7bn for taxpayers from its support for AIG and related facilities in its 2008 rescue.
  • European reinsurers and London market firms have made steady gains on the stock markets this year but there is still potential for further gains, Barclays analysts Olivia Brindle and Andy Broadfield said in a recent note
  • BNP Paribas and Credit Agricole are conducting internal probes into dollar payments that could breach US sanctions, after Standard Chartered Bank received heavy fines from US regulators.
  • (Re)insured loss estimates from the severe drought in the US range from $5bn to $20bn, reflecting the huge uncertainty that surrounds the fiendishly complicated loss.
  • The two Bermudian reinsurers that have posted the highest expense ratios this year also have the lowest price-to-book trading valuations, analysis by The Insurance Insider shows