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  • Aon Benfield co-chief executive Dominic Christian has warned that under existing (re)insurance cover there are around 50 other countries worldwide that could produce losses of a similar magnitude to Chile.
  • Lloyd's underwriting chief Tom Bolt and his co-panellists at Standard & Poor's UK Insurance Symposium were notably bearish on prospects for an upturn in the pricing cycle.
  • Lloyd's is spending £50mn per year on preparations for Solvency II with the go-live date still two-and-a-half years away, the Society's director of performance management Tom Bolt has revealed.
  • World insurance premiums fell 1.1 percent in 2009, but profitability and capital levels for the industry regained ground, the latest Swiss Re sigma study shows.
  • Ratings agency Standard and Poor's (S&P) has downgraded French insurer Groupama's insurer financial strength and counterparty credit ratings one notch to A- from A.
  • UK financial regulator the Financial Services Authority (FSA) has lost its second director inside a month, after announcing head of supervision Jon Pain will leave in January 2011 once reorganisation to prepare for a formal split in 2012 is completed.
  • Bermuda-headquartered (re)insurer Hiscox plc is planning to cut capacity by 10 percent at its flagship Syndicate 33 at Lloyd's due to "anticipated market conditions".
  • Lloyd's (re)insurer Catlin is set to plough $1bn in capital into forming a reinsurance arm in Switzerland - a move that will significantly expand the group's European reinsurance business.
  • New CFO parachuted in at Willis; Carnegie-Brown goes to Catlin; RMS hires Aon Benfield's Rao...
  • Geithner still expects loss on AIG;Towers Watson sells VIPitech to Algorithmics; Montpelier Re wins reinsurance arbitration; Xchanging to partner with European financial payments specialists...