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  • Chartis booked operating income of $1bn and paid the same sum in non-cash dividends to its parent AIG in a solid first quarter for the US insurer.
  • The severe weather outbreak in the greater Dallas-Fort Worth region of Texas in early April has produced insured losses in excess of $650mn, according to the latest cat report from reinsurance broker Aon Benfield.
  • Bermudian reinsurer Validus has told shareholders that it will run a Dutch auction to buy back up to $200mn of its shares at a maximum price of $33.50 per share.
  • Scor has reported net income of EUR104mn for the first quarter, up 50 percent on a like-for-like basis, as it bulked up on both the life and P&C sides of its businesses.
  • UK-listed insurer RSA said it boosted net written premiums (NWP) by 5 percent year-on-year to £2.2bn in the first quarter, with rate increases contributing 4 percent of the uplift and higher business volumes 1 percent
  • Despite its industry-leading position in the hull excess-of-loss market Hannover Re has booked a loss of only EUR45mn from the Costa Concordia disaster as it achieved first quarter net income of EUR261mn
  • Maiden Holdings booked first quarter net profits of $20.4mn that came in just ahead of the $19.3mn earned in the prior-year period.
  • The Hartford reported an 81 percent drop in Q1 net income to $96mn driven by realised losses from hedges against the Japanese yen and equity markets.
  • RenaissanceRe booked Q1 operating income of $155.5mn, or $2.98 a share that was a full 50 cents ahead of analysts' consensus forecasts of $2.48 a share for the period.
  • Allied World Assurance Company became the latest (re)insurer to strongly outperform Wall Street earnings forecasts in a quarter that also saw significant top-line growth.