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  • It was great to see so many of the D&F fraternity gathered in Monte Carlo this year, doing the rounds in what, even for the principality, was especially hot weather. In the run-up to this year's roundtable one issue really seemed to dominate the thinking of those in the market, namely who's buying?
  • AIG has replaced and extended the terms of a $4.5bn credit line with bankers. The giant insurer has said that the deal will give the group more flexibility.
  • The prevailing soft market conditions in the aviation insurance market "should be questioned" despite the benefits to insurance buyers, says UK broker Jardine Lloyd Thompson (JLT)
  • The Hanover Group (THG) has said it will report a loss in the third quarter due to US cat activity and increased losses from its surety business amid a climate of macroeconomic turmoil
  • An increase in submission volume into the US surplus lines market of 10-15 percent was being seen as cause for optimism among delegates gathered in San Diego for the NAPSLO annual convention this week.
  • XL Group said it expects losses of between $90mn to $120mn from third quarter catastrophe events that included Hurricane Irene, Tropical Storm Lee, last month's Texas wildfires and July's Danish floods.
  • Citi's new London-based non-life insurance analyst Tom Dorner has said today that Lloyd's stocks represent a safe haven for investors in uncertain economic times.
  • Bermudian (re)insurer Alterra has pre-announced a third-quarter catastrophe loss estimate in the range of $20mn to $30mn before tax and net of reinsurance and reinstatement premiums. The estimate includes losses from Hurricane Irene and other Q3 catastrophe events.
  • Hedge fund supremo Chris Flowers heads the latest consortium conducting due diligence on Transatlantic Re, The Insurance Insider can reveal
  • The UK's Supreme Court has ruled that the Scottish Parliament's 2009 legislation on pleural plaques should stand, dashing the hopes of insurers that had mounted an appeal to have the legislation overturned