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  • After booking Q4 and full-year profits, Alterra unveiled a $150mn increase in its share repurchase plan.
  • Flagstone Re has preannounced further creep on loss estimates for cat events in the first half of 2011 that will deliver a hit to its Q4 financials of $50mn to $55mn when it reports later this month.
  • German-based Darag has extended its acquisitive streak into 2012 with the purchase of Finland based run-off insurer IngoNord Insurance Company, The Insurance Insider can reveal.
  • The results of the repeat of the Lloyd's Council election for working members have been revealed, with Lloyd's deputy chairman Graham White re-elected, together with Amlin underwriting director Simon Beale and Cathedral Capital managing director Lawrence Holder.
  • RenaissanceRe has confirmed that it has launched a new sidecar Upsilon Re, which will target collateralised retrocession business
  • The Lloyd's platform of private equity backed Prosight Specialty Insurance is set to add new classes of business and a portion of the US book will transfer to London as it plots expansion in 2012, The Insurance Insider has learned
  • Further evidence of a turn in the underlying US insurance market was a consistent management theme during the earnings calls of early reporting P&C (re)insurers
  • Investors are keenly anticipating Swiss Re's full-year financials, released 23 February, for news on a potential share buyback, though views are currently divided on whether the reinsurance giant will hand back capital or retain it to utilise in underwriting opportunities.
  • German reinsurers Munich Re and Hannover Re were bullish on the outcome of the January renewals as they released preliminary results last month, although both warned there was no widespread pricing reaction to last year's catastrophe losses
  • The industry Thai flood loss estimate was poised to edge past $8bn after Lloyd's (re)insurers Amlin and Beazley unveiled figures on 7 February that suggested Lime Street cat writers could face a proportionately higher exposure to the loss than their Bermudian counterparties