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  • The industry's largest property cat cedant Zenkyoren will formally disclose to its 80+ reinsurers early next month that its loss notification from the Great Tohoku quake is rising from 635bn yen ($8.4bn) to 790bn yen ($10.4bn), The Insurance Insider understands.
  • Rising reinsurance prices have prompted California-based workers' comp and specialty insurer SeaBright to scale back its excess of loss protection.
  • The impact of increased US frequency and severity losses in 2011 was starkly illustrated by State Auto last week as the super-regional carrier revealed it had postponed its results to address solutions to shore up its capital.
  • Chaucer agency replaces chairman; London milestone; RSA: Lee steps up with haste; Terrorist threat lowered; Markel welds; Groupama replaces CEO after downgrades; Economy tops euro giants' worry list; Guy Carpenter expands Asia Pacific team; A- for Fukoku; Collis to head Conyers Dill & Pearman in London; AIG sell-off likely to be delayed; Flagstone to shed Lloyd's business
  • Swiss Re shares failed to benefit from the reinsurer's return to a double-A level rating last Friday (28 October) as the stock closed marginally down by 0.14 percent.
  • And so Swiss Re's share of the global financial crisis comes neatly to an end, almost four years after it began.
  • (Re)insurers have spilled more red ink as the third quarter results started trickling out over the past two weeks, but there was also a tangible feeling among senior executives that positive rate momentum is beginning to build.
  • With Thailand's industrial heartlands still swamped and Bangkok fighting peak tides on the Chao Phraya river, the Thai Office of Insurance Commission (OIC) has increased its insured loss estimates from the country's worst flooding in 50 years
  • Brit Insurance's part private equity owner CVC Capital Partners has tabled a potential bid of around £4bn for the insurance arm of state-owned UK bank RBS, according to reports
  • There has been a mismatch between the sources of global cat premium and cat losses in 2011, with 67 percent of losses but only 15 percent of premiums coming from Asia Pacific, says Guy Carpenter