May 2012/3

Tokio Millennium Re, Tokio Marine's Bermudian subsidiary, turned a $52mn loss in 2011 as it took a net $375.4mn of catastrophe claims.

Insurance broker Lockton has bought out the minority stake in its international operations from private equity firm Stone Point.

The search for Moss's replacement is resurrecting personal rivalries and City grudges...

The New Zealand Earthquake Commission (EQC) has put firm order terms into the market with a further rate increase of approximatelyroughly 50 percent on its first NZ$1.75bn ($1.37bn) of cover, The Insurance Insider understands.  

Correction: American Agricultural rating; Swiss Re rated; Asta la vista Whittington; Generali non-life profits rise; Axa rate rise aids P&C segment; Gallagher ups stake in Caribbean broker; Zurich improves core P&C underwriting; GB move; Markel produces neutral underwriting result; Mapfre finds solace in Latin America; Allianz posts 40% profit increase at Q1; Moody's completes Scor's upgrade trilogy; Markel shines at Northdoor's Insider golf day; MphasiS on

The estimated ground-up P&I cost of the October Rena loss has recently risen to $325mn, The Insurance Insider can reveal.

Markets with a Lloyd's presence, topped by Catlin Group, are bearing most of the $550mn gross open market exposures relating to reinsurance of the International Group of protection and indemnity (P&I) clubs, The Insurance Insider can reveal.

There can be no better proof that Lloyd's and the wider London market has completed its rehabilitation in the eyes of the British establishment than last week's visit to the room by Prime Minister David Cameron for the launch of the Lloyd's Vision 2025.

Supply from non-traditional reinsurers and increased traditional reinsurer capacity is more than filling the gap left by underwriters that have pulled back cat aggregate for US wind in their 2012 business plans.