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  • Beleaguered Bermudian life reinsurer Scottish Re Group has suffered another ratings downgrade as uncertainty over its financial position continues.
  • US-based brokers Arthur J Gallagher & Co (AJG) and Hilb Rogal & Hobbs (HRH) disappointed analysts with first quarter profits down on expectations last week as the top line suffered from the impact of declining insurance rates.
  • The volume of Japanese premium written by Lloyd's increased by 27 percent to $680mn in the two years to the end of 2009, according to a market briefing last month.
  • Solvency II's disproportionately high capital charges for securitisations could discourage insurers using the standard model from investing in the products, Fitch has warned.
  • The recovery powers of XL Capital were amply demonstrated as the Bermuda-headquartered (re)insurer reported a return to share buybacks and authorised a new $1bn repurchase programme.
  • The insurance industry should start preparing for a market turning event in order to be ready to take full advantage when it comes, according to Jeffrey Greenberg, chairman of private equity firm Aquiline Holdings.
  • Fitch has upgraded RenaissanceRe's insurer financial strength rating to A+ from A to reflect what is said was the company's strong cross-cycle underwriting profit.
  • PricewaterhouseCoopers has estimated the non-life European run-off market's total size at EUR220bn in 2012, essentially flat on last year's EUR218bn
  • Shares in London-based insurance service provider Charles Taylor Consulting (CTC) fell almost 12 percent after the firm announced it would reduce the dividend it paid out following a "difficult year"
  • The London market is enjoying strong rate rises in 2006, according to trading statements from three leading quoted Lloyd's (re)insurers.