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  • Global specialty insurer Torus has continued the expansion of its European underwriting team in response to what it calls "a real opportunity to establish viable, long-term platforms in Europe".
  • Global insurance broker Aon has confirmed that it has signed a lease on 10 floors of the skyscraper to be built in Leadenhall Street opposite the Lloyd's building dubbed the "Cheese grater".
  • When The Insurance Insider last set down on the shores of Bermuda, the market was in the immediate aftershock of the Great Tohoku earthquake. It was late March and at our first Bermuda reinsurance roundtable of 2011 the talk was naturally dominated by the impact of the Japanese tragedy
  • Floods in southern France during November are expected to cost insurers between EUR600mn and EUR800mn, according to first estimates from the FFSA, the French insurance federation.
  • Lloyd's (re)insurer Beazley is expecting to expand its top line by 5-10 percent in 2012 due to the effects of catastrophes and RMS Version 11, the firm said in its interim management statement
  • Insurers for Deepwater Horizon owner Transocean have won a key legal victory against BP after a New Orleans judge today ruled that they owe no duty to pay claims or defense costs to the energy giant.
  • Further evidence of rising US commercial insurance rates has come from the latest RIMS benchmark survey, which found that average renewal premiums in three of four lines tracked increased in the third quarter.
  • Willis has announced that nine new members have joined its Willis Networks programme, a UK alliance with smaller scale independent insurance brokers.
  • A complex stratification of competing pressures in energy insurance is generating characteristics of both a hard and soft market simultaneously, according to global broker Marsh.
  • Privately held Bermudian reinsurer Ariel Re has posted a $7.6mn loss for the third quarter - its first negative result of 2011 - but remains in the black for the year with a $27.2mn profit for the first nine months.