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  • EU insurers will no longer have to quantify overall solvency needs for each separate year of the Own Risk and Solvency Assessment (Orsa) projection period, according to the Orsa draft guidelines released by the European Insurance and Occupation Pensions Authority (Eiopa).
  • The financial interest coverage (FinC) created to circumvent restrictions on Islamic insurance in global programmes will probably be spurred by international insurers with takaful capabilities such as Munich Re, Swiss Re and Hannover Re, according to a report.
  • The European Insurance and Occupation Pensions Authority (Eiopa) has raised the threshold for (re)insurers reporting under its financial stability mandate to include firms with EUR12bn of assets on their Solvency II balance sheet.
  • The big three brokers' dominance of the Lloyd's market increased in 2011 as their market share across all lines grew from 48 percent to 52.9 percent, according to Lloyd's figures obtained by The Insurance Insider.
  • Drought conditions affecting large areas of the US are not yet a cause for concern for crop insurers and their reinsurers, according to analysis from Stifel Nicolaus.
  • Citizens' success in dramatically increasing its reinsurance protection as it entered the 2012 North Atlantic hurricane season was largely down to the very different dynamics in the property cat reinsurance market this summer.
  • Total remuneration of chief financial officers across a sample of Bermudian (re)insurers and global brokers fell slightly in 2011, analysis by The Insurance Insider shows.
  • As US and Bermudian P&C (re)insurers begin reporting Q2 results this week, investors will be looking behind the broadly solid profits that are expected at catalysts for multiple expansion in a sector that continues to trade around historic lows.
  • Far from being a major concern for US and Bermudian (re)insurers, the Eurozone crisis could be a source of opportunity for carriers.
  • As the dust settles on the last major property cat renewal before 1 January 2013, underwriters will shortly head to Monte Carlo and the autumn conference season with a restricted arsenal for negotiations with clients and brokers.