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  • Lloyd's will not draw on the new RMS Version 11.0 hurricane model until 2013 when setting industry loss figures that the market could expect from a major disaster.
  • Substantial prior-year reserve releases helped drag Bermudian reinsurer PartnerRe to a second quarter profit of $124.2mn despite a heavy cat toll and an upward adjustment in Q1 losses
  • Validus has launched a scathing new attack on Allied World, its rival in trying to secure the affections of Transatlantic Holdings shareholders
  • Net written premiums were down 10.1 percent to $230mn in the reinsurance business of Flagstone Re as the company wrote less and ceded more in Q2 under a burden of heavy catastrophe losses.
  • Former General Re CEO Ronald Ferguson along with three of his ex-colleagues at the Berkshire Hathaway subsidiary and AIG's Christian Milton have had their 2008 convictions over an allegedly fraudulent finite reinsurance transaction reversed on appeal.
  • Gallagher International intends to grow by bolt-on acquisitions in the UK, mirroring its successful US model, CEO Patrick Gallagher said in the firm's Q2 earnings call
  • First Reserve-backed (re)insurer Torus and New York Stock Exchange-listed insurer Tower Group are in takeover talks with Lloyd's insurer Broadgate, The Insurance Insider can reveal
  • Operating profits fell sharply at Xchanging amid a major strategic action plan as the insurance segment continued to perform well
  • Hiscox booked first-half pre-tax losses of £85.6mn as the spate of natural catastrophes inflicted heavy losses on its London market and Bermuda operations, inflating the group-wide combined ratio to 116.9 percent
  • Lloyd's has resubmitted its application for permission to post reduced collateral requirements in Florida, The Insurance Insider can reveal.