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  • US P&C insurance pricing trends are showing positive momentum with growing indications of a possible full market turn in 2013, Barclays Capital analyst Jay Gelb has said
  • Chartis-backed Lloyd's (re)insurer Ascot Underwriting has formed a new consortium in association with Brit Insurance, QBE Insurance Group and model developer Sciemus to underwrite power and utilities business.
  • Neil Fitzgerald, founding active underwriter of Lloyd's specialist engineering syndicate TSM 1110, has left the company a month after it was acquired by private equity-backed insurer Prosight Specialty Underwriters.
  • Insured losses from 2011 disasters hit a new record at $105bn, passing the previous high of $101bn set in 2005, according to estimates from Munich Re.
  • In its 1 January renewals report Aon Benfield stuck to its undertaking not to make public statements on rate movements, which was made at the Monte Carlo Rendez-Vous in September
  • Lloyd's is to re-run its contested Council election following the withdrawal of Willis Group president Grahame Millwater from the ballot.
  • Australian insurer IAG has extended its reinsurance programme for 2012, securing a new top layer of earthquake cover and increased aggregate protection for multiple disaster losses
  • While the upstream energy market experienced a largely catastrophe-free year, recent significant risk losses have seen the sector's loss total reach nearly $3bn for 2011, according to specialist wholesale broker Lloyd & Partners
  • Specialty (re)insurer Catlin has formed a partnership with two specialist risk management consultancies that will enhance the services it offers to clients with hijack, kidnap, extortion and wrongful detention exposures
  • Expansive US and international broker Arthur J Gallagher has announced the acquisition of retail broker Capital Bauer Insurance Agency.