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  • The northern coast of Queensland is under threat from Cyclone Ita, according to catastrophe modelling firm AIR Worldwide.
  • Three tornadoes that hit the Denton area of north Texas on 3 April have generated an estimated $300bn in insured losses, according to a report from the Insurance Council of Texas (ICT) yesterday (9 April)
  • The Brics countries - Brazil, Russia, India, China and South Africa - are facing increasing levels of political risk, according to global broker Aon's 2014 Political Risk map, unveiled today (10 April)
  • Southport Re, the collateralised reinsurer that ran into problems over the quality of the assets backing its underwriting, is to be sold to Lennox Investments LLC for an undisclosed sum, according to reports.
  • Guy Carpenter has appointed Okan Utkueri as managing director and head of its operations in Turkey
  • Brit Insurance, the private equity-backed Lloyd's carrier that floated on the London stock market last month, today (10 April) said it had appointed former PartnerRe executive Juan Calvache to head up its new Latin American business.
  • German legacy acquisition firm Darag has been bought out by its former minority shareholder, Keyhaven Capital, a London-based private equity firm, the company confirmed yesterday (9 April).
  • Goshawk, the once listed Lloyd's carrier downed by its foray into viatical insurance and other loss-making classes, has had its run-off managed by Randall & Quilter (R&Q) for a decade
  • Global reinsurance broker Guy Carpenter today (10 April) said the 1 April reinsurance policy renewals were marked by price reductions due to intense competition between well-capitalised reinsurers and further encroachment from the insurance-linked securities (ILS) market.
  • A softening property market in the US is expected to combine with an easing of upward pressure on rates in many other insurance lines through the remainder of 2014, according to broker Willis.