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  • US P&C insurers posted significant underwriting losses in the first nine months of 2011 with reinsurers taking the brunt of losses, according to new figures.
  • Reinsurance and retrocessional losses from the Thailand flooding could reach $9bn-$12bn and match losses from the devastating March 2011 earthquake in Japan on a gross basis, according to Espirito Santo analyst Joy Ferneyhough.
  • Hurricane Irene cost the US National Flood Insurance Program (NFIP) less than $750mn, according to the Federal Emergency Management Agency (Fema).
  • US (re)insurers spend too much time focussing on hurricanes and not enough on tornadoes.
  • Norway's Meteorological Institute has described Windstorm Dagmar, which ripped across Norway, Sweden and central Finland on Christmas Day, as possibly the third worst windstorm to strike the country in the past 50 years.
  • Edinburgh-headquartered investment trust Caledonia exited from its holding in listed Lloyd's insurer Novae last month.
  • The Lloyd's Council elections have become a lot more complicated after Willis president Grahame Millwater decided to withdraw from the contested ballot following his unexpected resignation from the broking group in December
  • Japanese mutual Zenkyoren has increased its loss notification from the Tohoku earthquake for a second time to 890bn yen ($11.4bn), taking the world's biggest reinsurance programme within touching distance of a total loss, The Insurance Insider revealed last month.
  • Transatlantic's shareholders will vote on the previously announced merger with Alleghany Corporation at a special meeting on 6 February.
  • Beazley will have to find ways to neutralise the difficulties posed by a Lloyd's-on-Lloyd's transaction and the corresponding advantages held by rival bidders Arig and Tower Group if it is to prevail in a future approach for Hardy.