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  • US lawmakers have avoided yet another lapse of the beleaguered National Flood Insurance Program (NFIP) after the House of Representatives voted to extend the programme through to mid-November
  • Ratings agency Standard & Poor's (S&P) has downgraded the tornado bond Mariah Re 2010-1 by a notch to CCC with a negative outlook after covered losses rose to $790mn
  • Estimated insured losses from two of this year's largest energy claims have increased significantly due to an increase in business interruption (BI) claims
  • US insurance giants AIG and The Hartford are both reportedly cutting jobs, as the unpredictable economic situation compounds the heavy disaster loss toll experienced by (re)insurers this year.
  • Investors in the $100mn tornado bond Mariah II will shortly pay out $35mn to bond sponsor American Family.
  • French reinsurer Scor has officially opened its Atropos insurance-linked securities fund to third party capital, as predicted by Trading Risk last year.
  • The end is nigh...?; Employers walks; BB&T expands; Harleysville goes Nationwide; Greenlight upgraded; Chubb-y Irene losses; The world's local $1bn sale...
  • Xchanging buys out Aon back office; Lloyd's auctioneering; Probe threat recedes; Sagicor's casualty; Heavy Hampden H1; Wade roars...
  • Brit Insurance's Syndicate 2987 will expand in 2011 and 2012 as the Apollo-CVC owned UK insurer deliberately transfers business away from its UK platform, Brit Insurance Ltd (BIL), and into Lloyd's
  • Berkshire Hathaway stock rose sharply late last month after it announced an open-ended share repurchase programme, signalling that it believes it is currently undervalued by the stock market