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  • Talbot Underwriting, which was acquired by Bermudian reinsurer Validus Holdings in July, has said it will maintain its Lloyd’s capacity at £325mn next year.
  • The reinsurance industry's resilience in weathering the financial crisis has produced a glut of capacity, all four major ratings agencies have warned.
  • London market vehicle Brit’s transformation into a well capitalised, UK general insurer was reflected in its interim results published last week.
  • Resolute Management Services - the firm that manages Lloyd's run-off vehicle Equitas - has moved the majority of Equitas' claims adjusting services to the US.
  • Swiss Re could sustain net losses close to $1bn from the 27 February Chile earthquake - double the $500mn estimated by the reinsurance giant - according to Keefe, Bruyette and Woods (KBW).
  • In line with a number of its catastrophe-exposed peers, Bermudian (re)insurer PartnerRe booked an operating loss for the first three months of the year and saw net income plummet after being battered by losses.
  • The bitter battle between run-off groups Enstar and Randall &Quilter (R&Q) will be fought in the UK after the English Court of Appeal upheld a jurisdictional ruling last week in the dispute over the US legacy insurers Seaton Insurance Co and Stonewall Insurance Co.
  • US Senate approval of the Democrats' sweeping Wall Street regulatory reform bill has all but cemented the creation of an Office of National Insurance (ONI) within the Treasury.
  • A survey of rates carried out by insurance exchange Marketscout indicates that US coastal property rates are firming to buck the softening trend in the wider property casualty market.
  • With around $35bn of cat limits now placed in non-traditional reinsurance the convergence market has reached a watershed moment, according to Guy Carpenter vice chairman David Priebe