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  • A major systemic casualty clash loss is a likelier catalyst for market cycle change than a property catastrophe, according to Aon Benfield Analytics CEO Stephen Mildenhall.
  • The soft market enveloping the global reinsurance industry is placing increased pressure on underwriters to loosen terms and conditions of cover.
  • Amid the soft market gloom, delegates at the PCI annual convention in Colorado Springs found some grounds for optimism on growth opportunities for reinsurers.
  • Australian insurer QBE has appointed John Neal to CEO of global underwriting operations, where he will oversee underwriting for the three main operating divisions created in a recent restructure.
  • The grim state of the US economy is set to feature heavily in conversations as (re)insurance executives gather in Colorado Springs for the Property Casualty Insurers Association of America (PCI) annual convention this week.
  • Bermudian (re)insurer Endurance increased net premiums written by 10 percent in the first nine months of the year to $1.6bn, as it secured more business and scaled back its reinsurance spending.
  • As delegates at this year's PCI annual event turn out their bedroom lights this evening after another hectic day of meetings, networking and discussions, the largest insurance public-to-private buy-out of the year will be formally announced.
  • The Navigators Group has launched a dedicated reinsurance unit to underwrite certain specialist lines.
  • The UK government-controlled Royal Bank of Scotland (RBS) has appointed investment bank giants Goldman Sachs and Morgan Stanley as advisers ahead of the sale of its insurance arm, The Insurance Insider can reveal.
  • Canada-based Sun Life Financial has agreed to sell its life reinsurance business to Warren Buffett's Berkshire Hathaway for an undisclosed sum.