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  • The shipowners' protection and indemnity (P&I) clubs look to have emerged from the global shipping and financial crisis as they approach their reporting season for 2009, according to broker AJ Gallagher.
  • The airline insurance market appears to have settled into single digit rate increases in 2010, as the hardening that has followed last year's heavy losses slows.
  • The purchase of standalone terrorism (re)insurance has decreased in 2010, although the proposed cut in the US federal backstop for the Terrorism Risk Insurance Act (TRIA) could result in a "substantially tighter market", according to Guy Carpenter (GC).
  • The first syndicate predictions for the 2009 year of account (YOA) suggest that Lloyd's will achieve an underwriting return on capital of between 5.5 percent and 12 percent.
  • London market moderniser Barnabas Hurst-Bannister expects the much-anticipated electronic endorsement system to go live by September, as testing gets underway in earnest.
  • Motor underwriters look set to face increased scrutiny over the extent of their recent difficulties, after external auditors forced Equity to strengthen reserves against losses approaching £200mn.
  • If the global insurance industry is to prosper in the post-global financial crisis world, it must reacquaint itself with the classic virtues of integrity, prudence, fairness and restraint.
  • UK insurer Prudential has denied that it will unveil a revised takeover proposal for AIA, the Asian business of US insurer American International Group (AIG).
  • Climate Exchange plc, the parent of the IFEX cat futures trading platform, is being sold to the InterContinental Exchange (ICE) in a £395mn deal that comes into effect in early July.
  • Standard & Poor's (S&P) has downgraded BP's loss-struck captive Jupiter Insurance Ltd, after cutting the ratings of its parent while it battles to stem the Deepwater Horizon oil spill.