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  • A rare outbreak of bipartisan agreement on Capitol Hill last week could end the long-running saga over renewing the authorisation of the National Flood Insurance Program (NFIP).
  • Hedge funds are showing renewed interest in the reinsurance sector after the 2011 catastrophe losses, according to AM Best.
  • The AlphaCat Re 2011 sidecar run by Bermudian reinsurer Validus has expanded to around $280mn, according to sources.
  • Bermudian collateralised reinsurance writer Aeolus raised and deployed about $1.2bn in capital over the past year as it evolved from a private equity partnership into a third party funds manager, sister publication Trading Risk has reported.
  • A number of Bermudian reinsurers deployed less aggregate limit at 1 January as they sought to manage down their peak exposures or push for above-market rate increases in the hardening property cat markets.
  • Investors' renewed enthusiasm for P&C (re)insurance stocks has caused the UK quoted mid-cap P&C sector to effectively be re-rated in the past few months to its highest level in four years.
  • Willis has a challenge to reassure investors of its 2012 prospects after the broker underperformed on almost every measure compared to its peers in the fourth quarter results released last week.
  • Analysis of commentary on reinsurance underwriting at the 1 January renewals has divided the sector into two broadly separate camps.
  • Bermudian (re)insurers were able to shrug off the second-worst catastrophe year on record to still report a full-year profit for their shareholders in 2011, according to figures compiled by The Insurance Insider's data room.
  • The overwhelming likelihood is that Willis will choose an external candidate when the time comes to succeed chairman and CEO Joe Plumeri.