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  • Pat Ryan has finally got his seat at the Lloyd's table after it was confirmed last week that his ÂŁ35mn acquisition of the privately held insurer Jubilee had completed.
  • State-owned China Re is understood to have despatched a representative to the UK to scout out potential acquisitions in the London insurance market, The Insurance Insider can reveal.
  • Lloyd's has disclosed a preliminary loss estimate of $600mn for the US tornado outbreaks that took place throughout April and May.
  • Loss compilation agency Property Claims Service (PCS) has placed insured losses from Hurricane Irene at $3.65bn, The Insurance Insider understands.
  • Lloyd's will make an underwriting loss in 2011 due to its first-half catastrophe losses, as even a benign hurricane season is unlikely to save the market from a combined ratio of 105 percent or above, predicts ratings agency Standard and Poor's (S&P).
  • Ailing New Zealand mutual AMI confirmed last week that its reinsurers will be forced to accept two NZ$595mn ($487mn) total losses from the September and February earthquakes in Canterbury.
  • The return of trading in Chaucer-managed nuclear Syndicate 1176 skewed the statistics of the second Lloyd's capacity auction, which took place last week.
  • Torus is acquiring Clal-owned syndicate Broadgate not only because it provides the multi-line carrier with a more established Lloyd's platform, but also because of the particular attractions of the book of business it writes, the private equity-backed (re)insurer has explained.
  • The firms that have recently taken over Lloyd's vehicles will be held to the business plans submitted by the previous ownership and will not be allowed to pre-empt rapidly, Lloyd's senior management reiterated last week.
  • Lloyd's disclosed a first half pre-tax interim loss of ÂŁ697mn last week, but it resisted pressure to follow its peers in raising its loss forecasts for the year's major catastrophes.