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  • Bermudian energy mutual OIL Insurance Ltd will increase its policy limit for non-windstorm events from a maximum of $250mn per member to $300mn per member from 1 January 2012.
  • Lloyd's must modernise, internationalise and diversify its talent pool if it is to succeed in the next decade and beyond, its new chairman John Nelson told senior London market executives last week.
  • Primary energy underwriters will be under pressure to retain more risk themselves as the market heads towards 1 January, when around 75 percent of energy reinsurance contracts renew.
  • A number of Lloyd's syndicates have pared back profit predictions from the past two years of underwriting as low investment rates pull down results.
  • Further evidence is emerging that Lloyd's capacity may increase slightly next year to a new record size, as a number of syndicates are unveiling new quota share arrangements to increase their potential stamp.
  • The major Lloyd's (re)insurers have endured another volatile quarter, as last week's cluster of third quarter operating updates demonstrated, but inevitably the focus has largely turned to 2012 and potential pricing improvements.
  • Lancashire has written $50mn of premiums through its 2011 Accordion sidecar, the company revealed in a third-quarter earnings presentation last week.
  • China Re to launch Catlin Lloyd's QS syndicate in 2012
  • Recent improvements in UK motor insurance results will be short-lived and the underwriting cycle may even have already passed its peak, according to Standard & Poor's (S&P).
  • The ambitious managing general underwriter (MGU) and insurance start-up ANV has added to its roster of industry heavy-hitters by appointing former Guy Carpenter COO Charlie Fry to its London office, The Insurance Insider can reveal