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  • Bermudian property catastrophe reinsurer IPCRe has today (23 January) revealed a modest increase in the estimated impact from hurricanes Katrina and Rita, together with an estimated net impact of $105mn from Hurricane Wilma, after reinstatements.
  • Second quarter catastrophe losses and deteriorating estimates from events in Q1 have pushed Platinum Underwriters Holdings Ltd to a $20.4mn net loss for the period, taking the reinsurer's deficit for the first half of 2011 to $177.6mn.
  • The convoluted saga of Ri3K's ownership has finally been resolved as the London technology platform was sold to the ambitious Qatar Financial Centre.
  • UK-listed broker Jardine Lloyd Thompson Group plc (JLT) revealed on 5 April that Dominic Collins, executive chairman of its JLT Risk Solutions division, has resigned after more than 20 years with the company. The move follows plans for a restructure...
  • American International Group (AIG) shareholders are likely to receive nothing after the restructuring of the company is complete, according to US hedge fund heavyweight Steve Eisman.
  • US insurers Liberty Mutual and USAA will issue catastrophe bonds in Q2, sister publication Trading Risk predicted last week.
  • The London Market Group (LMG) has proposed phasing out slip cases by 2017 in a consultation document on the long-term future of Lime Street.
  • Controversial insurer CIC has become embroiled in a fresh scandal relating to an alleged US multimillion dollar employee health care fraud involving participants from both sides of the Atlantic. Last month, Federal Bureau of Investigation officers swoo
  • Tort reformists in the US have received a boost with the news that the Senate judiciary committee approved a series of changes to state laws governing civil lawsuits in medical malpractice cases last Thursday (27 January).
  • The London insurance market effectively grew to more than £25bn in 2008 as it wrote more international and reinsurance business.