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  • The experience of continental reinsurers Hannover Re and Scor in 2011 highlights the value of retro as a product, but also the challenge of renewing cover in a tighter post-loss market
  • Only four out of 19 US reinsurers escaped an underwriting loss in the first nine months of 2011, as combined ratios were battered in a period dominated by the frequency and severity of catastrophe losses
  • Despite the lack of firm orders, the 5-15 percent price increases broadly agreed to have been present at midyear are likely to be matched at 1 January
  • Aon Benfield's contrarian stance on US cat rates may have been rewarded in the form of a flurry of US account wins
  • Despite a first-quarter sale being targeted, the auction process for Flagstone syndicates 1861 and 1969 is unlikely to come to life until the New Year, The Insurance Insider understands
  • US P&C insurer Tower Group and Bahrain-based carrier Arig have made "preliminary expressions of interest" about acquiring flood-struck Lloyd's (re)insurer Hardy, The Insurance Insider can reveal
  • Despite the prospect of a late renewal described as the most difficult since 2006, reinsurers so far appear to have learned lessons from the market dislocation that occurred in the aftermath of Katrina
  • Reinsurers are actively quoting aggregate covers for clients looking to protect against a recurrence of the frequency losses that have dominated 2011, but it remains to be seen whether the gap on pricing expectations will be bridged
  • There is little realistic prospect of a deal being concluded between Omega and Haverford chairman Mark Byrne to buy a 25 percent stake in the Lloyd's (re)insurer.
  • American Family Mutual stands to pick up a $200mn payout from the cat bond market after its second Mariah Re bond was put on its way to being declared a total loss