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  • Early reporting P&C insurers have provided fresh impetus to those in the "market turn" camp, with growing signs of sustained momentum for rate increases in US commercial lines.
  • Despite a pull-back on the aggregate limit deployed by both Chartis and its excess and surplus lines subsidiary Lexington - particularly on property cat business - the US insurance giant has not re-adjusted its risk appetite.  
  • Insurance Australia Group Ltd (IAG) has entered into a provisional deal to buy 30 percent of Vietnam-based AAA Assurance Corporation (AAA) in the same week as rating agency AM Best reported double-digit premium growth in the Vietnamese insurance market.
  • Ratings agency Moody's has affirmed its stable outlook on the UK general insurance sector as it forecasts modest real-term rate increases in most lines of business.
  • Fitch has affirmed Sompo Japan's financial strength rating at A with a stable outlook on the back of the firm's solid capitalisation and lower net insured losses from the Thai flooding compared to its two other "big three" rivals.
  • The insurance market will escape what could have been a monster claim from Spanish oil company Repsol following the expropriation of its Argentine operations as it does not purchase relevant political risk cover, The Insurance Insider revealed last week.
  • Shares in Berkshire Hathaway fell following last week's news that CEO Warren Buffett has been diagnosed with prostate cancer, with the company losing 2.25 percent, or $4.5bn of its vast market worth in the three trading days following the announcement.
  • Flagstone is at the heart of a four-way M&A tussle being pushed into overdrive before the crucial Florida renewals season, The Insurance Insider understands.
  • Aon's increased share buyback authorisation is the first evidence of the global broker benefitting from changing domicile to the UK, according to a leading analyst.
  • While Omega CEO Richard Pexton could earn a gross windfall of $2.9mn if he presides over the sale of the company later this year, group chairman John Coldman could lose out.