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A rare hail storm in South Africa last month resulted in claims of more than 2 billion rand ($187 million), and insurers are suffering.

A rare hail storm in South Africa last month resulted in claims of more than 2 billion rand ($187 million), and insurers are suffering.

Freddie Mac bought insurance to cover as much as $285 million of losses on a pool of U.S. home loans.

Freddie Mac bought insurance to cover as much as $285 million of losses on a pool of U.S. home loans.

From movement on the TRIA front, to a battle between Endurance Specialty Holdings and Aspen Insurance Holdings over the formers hostile bid for the latter, to a warning from Warren Buffett on the volatility of insuring against hurricanes, the month of June offered up some interesting quotes on key issues.

Asbestos-related losses are not likely to create any severe capital shocks for property and casualty insurers, but those losses will continue to bleed through insurers earnings, and asbestos reserves may be deficient by as much as $9 billion as of year-end 2013, a new analysis says.

April reinsurance renewals saw significant price drops, and June renewals could see double-digit drops for Florida property-catastrophe risk, according to Fitch Ratings.

Global reinsurers are expected to report solid underwriting profitability in 2014s first quarter thanks to limited catastrophe losses during the period, says Fitch Ratings.