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  • Lloyd's senior management hold a bearish view on rates in the run up to the key 1 January reinsurance renewal because of excess capital in the sector
  • Standard & Poor's has taken Transatlantic and Allied World off CreditWatch because it believes the chances of the US reinsurer's shareholders voting in favour of a merger between the companies has fallen to less than 50 percent.
  • Guy Carpenter has further reshuffled its pack of senior executives as part of a restructure of its US operations.
  • Total insured losses for the wildfires that have plagued Texas for the week beginning with the Labor Day weekend could hit $250mn, according to the Insurance Council of Texas.
  • Reinsurers pushing for rate rises at 1 January will be further boosted by fresh evidence that underlying business in the world's largest insurance market is beginning to turn
  • The chief risk officers (CROs) of US insurers now have their own professional association with the formation of the North American CRO Council
  • Groupama is in line for another downgrade of up to two notches just five months after it lost its A- rating from Standard & Poor's (S&P). The firm continues to be challenged by volatile capital markets and its exposure to sovereign debt.
  • Berkshire Hathaway is ready to take its shopping trolley to continental Europe to pick up discontinued insurance business, according to a key executive of the Warren Buffett-led firm.
  • Canopius has submitted a new indicative offer to acquire 100 percent of Omega's stock for 83p per share, matching the price of the tender offer that Mark Byrne's Haverford made yesterday for 25 percent of the company.
  • Insurance services provider and run-off acquirer Tawa is in talks with "several" potential clients about plans to provide a turnkey service in the London company market, The Insurance Insider can reveal