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  • European insurance premiums dropped 1.5 percent in 2011 to take gross written premiums to EUR1,089bn as declining life business outweighed growth in the non-life industry, according to statistics from the European (re)insurance federation Insurance Europe.
  • Collateralised writers thought to include hedge fund Nephila are believed to have dominated the $200mn single shot portion of the circa $850mn xs $2.3bn reinsurance programme bought by the Texas Windstorm Insurance Association (TWIA)
  • US heavyweight insurers State Farm and Nationwide have dropped further cat cover at 1 June, something which may have helped them to achieve flat renewal terms, The Insurance Insider has learned
  • Argenta and its major backer Alasdair Locke have withdrawn their interest in acquiring Omega, removing the last meaningful obstacle to Canopius's long-meditated acquisition of the Lloyd's (re)insurer, The Insurance Insider understands
  • Asia Capital Re (ACR) was in takeover talks with Argenta-managed Syndicate 1965 ahead of the Thai floods last year, demonstrating that ACR has had a desire to get into Lloyd's for longer than was widely known
  • Flagstone Re has agreed to give ANV more time to finalise its takeover offer, The Insurance Insider understands, in the clearest indication yet that it is the board's preferred buyer
  • As the annual reporting season for the International Group (IG) of protection and indemnity (P&I) clubs gets underway the first reporting group has revealed a major divergence in underwriting experience for the 2011/12 financial year to 20 February
  • The 1 June renewal of the loss-hit Costa Crociere hull insurance programme, which imposed a 56 percent premium increase, was well supported by existing underwriters, The Insurance Insider can reveal
  • Heath Lambert registered a negative Ebitdac of $3.7mn for the last nine months of 2011 as its bottom line was weighed down by integration costs following its acquisition by AJ Gallagher International
  • Berkshire Hathaway has put down lines on the renewing New Zealand Earthquake Commission (EQC) programme that amount to around NZ$500mn of the NZ$3.25bn purchased limit, The Insurance Insider understands