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  • The number of federal securities class action lawsuits has continued to climb for the third consecutive year, reaching 191 in 2011, according to PricewaterhouseCoopers' (PwC) latest securities litigation study.
  • A group representing insurance CEOs has called for more insurance experts to be involved in selecting which insurance companies will be deemed globally systemically important financial institutions (G-sifis).
  • As we reported in the April edition of The Insurance Insider, the stocks of London- and Bermuda-based specialty P&C (re)insurers underperformed both the broader market and their European peers in the direct market.
  • Shares of big European composite insurers went into reverse during the first few weeks of the second quarter as fears of fresh turmoil in European capital markets brought an abrupt end to the Q1 party.
  • The top 10 syndicates in Lloyd's account for almost half of the market's premium income, analysis by The Insurance Insider shows.
  • In a year when much of the (re)insurance sector split into winners and losers on their 2011 earnings, the spread of underwriting performance throughout the Lloyd's market shows a more nuanced progression
  • Although reinsurance capital edged down by just 3 percent in 2011, the amount of capital available for underwriting may have fallen further than this, according to Aon Benfield.
  • Ace and XL Group - the Bermudian duo that set up Lime Street insurers more than a decade ago after respectively acquiring the businesses of underwriting eminence grises John Charman and Mark Brockbank - kept their syndicates in profit last year, despite the Lloyd's market as a whole falling to a loss for the first time since 2008.
  • There were uneven fortunes for four of Lloyd's most consistently high performing syndicates in 2011, analysis of syndicate accounts shows.
  • Allied World's Syndicate 2232 leads the group of new Lloyd's syndicates hit by losses in 2011, revealing an annual loss of £17.75mn for the year.