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  • Maiden Holdings\' profit shrank by nearly two thirds to $28.5mn in 2011 as the Bermudian took $35.4mn in costs from paying down debt
  • An exceptionally heavy first half for earthquakes and storms has generated a record $22bn of insured losses from natural catastrophes, according to figures compiled by Munich Re.
  • Florida’s state insurer Citizens Property Insurance Corporation is to buy reinsurance in the private market for the first time in its history.
  • In the final Lloyd's capacity auction of the year, Argo dominated proceedings by paying £0.6mn to acquire £5.7mn of additional capacity on its Syndicate 1200 for the 2011 year.
  • Willis placed the cover on the US Airways Airbus A320 which crashed into the Hudson river, New York shortly after take-off on the 15 January.
  • First-half average net losses on underwriting in the private US property and casualty (P&C) sector deepened to $5.1bn from $2.1bn a year earlier on declining earned premiums, according to ISO and the Property Casualty Insurers Association of America (PCI).
  • Ariel Holdings has returned $660mn to its shareholders in 2010 and the opening months of 2011 after another strong set of full-year results
  • Alan Lovell has won the bitter contest to become the external member representing Names on the Council of Lloyd's, The Insurance Insider can reveal. Lovell is the preferred candidate of the Association of Lloyd's Members.
  • Claims transformation a ‘double-edged sword'; Fac back; Apollo heads for treaty; Profits up at Lloyd & Partners; ...And at Tysers; Traveler retires...
  • London-quoted insurance services provider and run-off investor Tawa completed its acquisition of Hamburger Internationale Rück (HIR) last week after receiving the necessary regulatory approvals.