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  • Tropical Storm Dolly motion is expected to move into the Gulf of Mexico and head towards the US/Mexico border later in the week, according to the United States National Hurricane Centre.
  • Rating agency Fitch Ratings has cut the outlook for Insurance Australia Group (IAG) from stable to negative having highlighted a number of challenges for the embattled insurance group.
  • European insurance and reinsurance trade body, the Comité Européen des Assurances (CEA) has renewed calls for an extension to regulation granting the insurance industry the ability to bypass certain competition laws.
  • Chinese insurance premiums were up 51 percent year-on year during the first six months of 2008, according to the country's financial regulator.
  • Willis Group Holdings named Gary Schmalzriedt as the chairman of its reinsurance brokerage, Willis Re, last week.
  • Bermudian (re)insurer ACE Limited has completed the redomestication of its holding company from the Cayman Islands to Zurich after receiving shareholder approval.
  • Bermudian-headquartered Scottish Re has seen one of its subsidiaries sink further into junk status last week just days after the embattled reinsurer finally published its full-year results.
  • Despite increased competition in the run-off sector and turbulence in the international credit markets, run-off specialist Randall & Quilter has revealed that there are still a number of business prospects it plans to explore.
  • As D-day approaches for the protracted auction of RBS' Insurance operations there are now thought to be just three insurers firmly in the running.
  • A landmark run-off transaction expected to come to market next month is understood to involve a subsidiary of Wurttembergische und Badische Versicherungs-AG (Wuba), The Insurance Insider can reveal.