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  • Further evidence of a stabilisation of price falls in US property casualty insurance has emerged from broker and underwriter MarketScout, which said its rate index for the sector measured minus 2 percent in August 2011.
  • Rating agency Moody's has revised its outlook on the global reinsurance industry to stable from negative, citing moderation of the imbalance between the supply and demand of reinsurance and the stabilisation of pricing.
  • Argo Group is to hire London market underwriting stalwart Peter Matson to oversee the underwriting of its Syndicate 1200, The Insurance Insider can reveal
  • Swiss Re has said the insurance-linked securities (ILS) market is poised for continued growth as investor demand for alternative risk increases
  • UK-listed insurance services business Tawa is expected to announce shortly that it has reached an agreement to acquire Lloyd's turnkey provider Whittington, The Insurance Insider can reveal.
  • Chaucer-managed Lloyd's Nuclear Syndicate 1176 is planning to drop material reinsurance protection for the £210mn maximum line it offers nuclear pools for the 2012 year of account.
  • Aviation underwriters will not be on the hook to pay claims after a Chilean air force plane was lost over the pacific, according to market sources.
  • Share buybacks by reinsurers for the first half of 2011 were less than half the value repurchased during H1 2010, according to data compiled by Fitch.
  • While the loss-struck global reinsurance industry dodged a bullet from a weaker-than-feared hurricane Irene, the losses retained by US primary insurers put further pressure on combined ratios already hit by record Q2 losses.
  • The London company insurance market is significantly larger than previously thought and brought in £12.6bn net premium income in 2010, a survey from industry body the International Underwriting Association (IUA) has revealed.