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  • The capital markets could provide the oil industry with more comprehensive (re)insurance cover at a more competitive price, the founders of a new insurance-linked securities (ILS) venture argue.
  • Aon Corp CEO Greg Case believes that his firm is on course to achieve its 25 percent margin goal in its broking arm, but concedes he is not satisfied with organic growth in the business.
  • Despite UK motor rates climbing by 20-30 percent in the past year the recent Lloyd's motor pain is set to continue, with Canopius predicting further losses both this year and next on its specialist motor Syndicate 260.
  • Despite optimism that property catastrophe reinsurance rates will continue to rise at 1 January 2012 as RMS catastrophe model changes are implemented more broadly, RenaissanceRe does not see sufficient demand to justify creating a new sidecar.
  • The recent stock market volatility - as further heavy falls at the end of last week wiped out earlier gains - means the P&C sector is trading at around historic lows.
  • Lloyd's syndicates have widened their forecast losses for the 2010 year during the past quarter as disaster claims have increased, but syndicates with third party capital support are doing slightly better than their fully aligned counterparts.
  • Global broker MMC and Bermudian (re)insurer White Mountains both braved global stock market turmoil in announcing new share buyback schemes last week.
  • London-based insurance services firm Charles Taylor Consulting reported a £2.6mn profit for the first half, down more than 50 percent from £5.7mn in the same period last year.
  • Ratings agency Fitch has warned that Mapfre's heavy exposure to Spanish sovereign debt could exert financial pressure on the group if the current wide credit spreads between Eurozone sovereign government debt are maintained for a prolonged period.
  • Transatlantic Re and Allied World shareholders will be given the chance to vote on their proposed merger on 20 September as Validus and Berkshire Hathaway look on.