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Reinsurance intermediary Guy Carpenter and catastrophe modeling firm Risk Management Solutions say they helped the Metropolitan Transportation Authority sell the first-ever bond to protect against storm surge.

Munich Re formed a $75 million catastrophe bond to address named storm exposure in the U.S and cyclones affecting Australia.

Global P&C insurance-pricing trends have led to modest gains for Marsh clientswith the U.S. leading price increases of more than 2 percent, says an executive with the industrys top insurance brokerage.

Global P&C insurance-pricing trends have led to modest gains for Marsh clientswith the U.S. leading price increases of more than 2 percent, says an executive with the industrys top insurance brokerage.

Brian Duperreault, the chief executive of Marsh & McLennan Companies says the insurance industry has plenty of capacity to handle losses from Hurricane Sandy, but underwriters will be taking a closer look at the region in the future.

Despite a strong second-quarter earnings report for Marsh & McLennan Companies, analysts raised concerns with how the economic woes in Europe are affecting business.

Many would say Bermuda would not be the insurance market it has become without Brian Duperreaults vision to realize its potential and spearhead its transformation into one of the worlds leading insurance centers.

The contributions of the figures selected as the industrys Top 25 Living Legends to P&C insurance have been epic, monumental, and are sure to be discussed and studied for decades to come. Each profiled visionary has fundamentally changed the way insurance is done, likely forever.