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  • Omega chairman John Coldman safely negotiated a vote on his re-election with only a small minority of voting shareholders in opposition, despite the company's well-documented travails.
  • Flagstone Re's board will pass another key milestone in the company's history when it considers the long-term ownership ahead of the group AGM on Friday (18 May), with pressure for an announcement growing.
  • Liability claims from the loss of a prototype Russian aircraft on a demonstration flight could be covered in the Russian market, but reinsurance protection remains uncertain, The Insurance Insider has learned.
  • Property insurers for major automobile manufacturers are on standby for contingent business interruption (CBI) claims after a fatal fire halted production at a key plastics supplier earlier this year.
  • Tornado losses have reached $3.48bn for the 2012 season to date, including one $1bn+ event.
  • Many reinsurers are still talking up the mid-year US property cat market and insist that the 10-15 percent rate increases seen at 1 January can be replicated, but the first cracks in the façade of market confidence have become apparent.
  • Guy Carpenter will host a gala night in London on 14 June for up to 1,000 young professionals and industry CEOs operating in the global P&C (re)insurance markets.
  • MMC's reinsurance broking arm Guy Carpenter has reshuffled its senior management with the appointment of Andrew Marcell as CEO of its US operations and Pete Chandler as the platform's chief operating officer.
  • Insurance broker Lockton has bought out the minority stake in its international operations from private equity firm Stone Point.
  • Tokio Millennium Re, Tokio Marine's Bermudian subsidiary, turned a $52mn loss in 2011 as it took a net $375.4mn of catastrophe claims.