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  • Correction: American Agricultural rating; Swiss Re rated; Asta la vista Whittington; Generali non-life profits rise; Axa rate rise aids P&C segment; Gallagher ups stake in Caribbean broker; Zurich improves core P&C underwriting; GB move; Markel produces neutral underwriting result; Mapfre finds solace in Latin America; Allianz posts 40% profit increase at Q1; Moody's completes Scor's upgrade trilogy; Markel shines at Northdoor's Insider golf day; MphasiS on
  • The estimated ground-up P&I cost of the October Rena loss has recently risen to $325mn, The Insurance Insider can reveal.
  • Markets with a Lloyd's presence, topped by Catlin Group, are bearing most of the $550mn gross open market exposures relating to reinsurance of the International Group of protection and indemnity (P&I) clubs, The Insurance Insider can reveal.
  • There can be no better proof that Lloyd's and the wider London market has completed its rehabilitation in the eyes of the British establishment than last week's visit to the room by Prime Minister David Cameron for the launch of the Lloyd's Vision 2025.
  • Supply from non-traditional reinsurers and increased traditional reinsurer capacity is more than filling the gap left by underwriters that have pulled back cat aggregate for US wind in their 2012 business plans.
  • Generali declared a net profit of EUR567mn for the first quarter of 2012, which was down 8 percent year on year but well ahead of the minimal double-digit profits earned in the turbulent second half of 2011.
  • Legacy big hitters Enstar and Catalina are out of the Flagstone sale process, leaving Tower Group and ANV as the remaining bidders, The Insurance Insider can reveal
  • Axa's P&C business has reported 3 percent price rises as it increased revenues by 3 percent to EUR9.97bn for the first quarter of the year.
  • Lloyd's chairman John Nelson unveiled the market's first ever long-term strategy today (11 May), focusing on growth in emerging markets and the need for strong regulation as key imperatives for the next 13 years.
  • Omega chairman John Coldman's re-election was opposed by only a small minority of voting shareholders this week despite the rumblings of discontent and growing shareholder activism seen on both sides of the Atlantic.