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  • A repeat of this year's benign Atlantic hurricane season - the calmest in 12 years - looks unlikely if the long range forecasts are accurate.
  • Lobbyists for European risk managers have lent Brussels broad support for its insurance block exemption requirements (BER) draft, despite concern that some changes could create legal uncertainty.
  • The aviation market has reacted with disappointment to the most important renewal of the year - Air France/KLM - despite indications for underlying rate rises of around 23 percent, sister title Inside FAC revealed last week.
  • Rating agencies and City analysts have taken opposing views over capital restructuring moves at Novae - only days after it hit out at the damage that rating agency models can inflict on nascent insurers.
  • Reinsurance broker BMS has said it is not in talks with TigerRisk about a potential acquisition of its business, reasserting a strategy for maintaining its independence.
  • Argo International appointed Paul Kneafsey as active underwriter of the liability division of its Lloyd's Syndicate 1200 last week, laying to rest speculation that he was poised to follow his erstwhile boss Mark Lawrence through the exit.
  • Bermudian (re)insurers Axis Capital and Arch have made substantial progress in their share buyback plans, with a new authorisation from the former to repurchase $500mn and news of $252mn of shares bought back in Q4 from the latter
  • The protection and indemnity (P&I) clubs are restraining 2010 premium increases to a 5 percent average, as their investment portfolios recover and shipowner members grapple with depressed freight markets.
  • Standard & Poor's (S&P) has upgraded the insurer financial strength and long-term counterparty credit ratings of Catlin Group's core subsidiaries by one notch to A, citing an "improved financial profile".
  • Property catastrophe reinsurance pricing for California earthquake perils is heading down 20 percent at the 1/1 renewals, The Insurance Insider has learned.