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  • An "exceptionally" heavy first half for earthquakes and storms has generated a record $22bn of insured losses from natural catastrophes, according to figures compiled by Munich Re.
  • Lloyd's may fail to make an underwriting profit in 2010 due to the stinging catastrophe losses in the first half of the year, according to ratings agency AM Best.
  • Pricing in the US property and casualty insurance industry is continuing to soften, according to MarketScout's latest survey of rates.
  • American International Group (AIG) subsidiary Chartis has restructured its European Economic Area (EEA) operations by centralising its UK, Ireland and Europe units under one regional management team headquartered in London.
  • Bermuda-based Maiden Holdings is set to buy a majority stake in the reinsurance business of UK-based automotive business of GMAC International Insurance Services, almost three years after buying its US-based sister company GMAC Re.
  • Two former Marsh executives found guilty of bid-rigging charges in a high-profile case brought by former attorney general Eliot Spitzer have had the convictions thrown out by a New York judge.
  • Ariel Re's departing COO, reinsurance veteran Russell Brooke has emerged as the prospective head of Tokio Millennium Re's (TMR) planned Sydney branch office, The Insurance Insider has learned.
  • Global (re)insurance giant Tokio Marine is restructuring its international reinsurance and large commercial property operations from 1 January 2011, as it gears up for growth.
  • QBE has continued its recent flurry of takeovers by agreeing to buy specialist European reinsurer Secura for EUR267mn (£220mn) from Belgium-based bancassurance group KBC.
  • Insurance claims totalling $1.166bn were filed in June after global catastrophes that included flooding and severe weather events in America, Europe and Asia, reinsurance broker Aon Benfield reports.