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  • Suncorp's loss notification for the second Christchurch earthquake has grown yet again, as the Australian insurer increased its loss estimate by A$500mn to A$2.1bn this month, The Insurance Insider can reveal.
  • A Names pressure group currently recruiting members for possible legal action against the management of two Lloyd's motor syndicates has already gained more than 80 members, The Insurance Insider has learned.
  • As reinsurers continue to report loss creep in estimates from Q1 earthquakes in Japan and New Zealand, there was a timely reminder last week of just how long the tail from such events can be.
  • Brown & Brown settles poaching suit; Fitch affirms Lloyd's rating; NZ local government insurer downgraded; Lloyd's affirms NZ loss estimates; Ariel and DaVinci join Florida list.
  • French reinsurer Scor has noted signs of rate increases spreading from property cat business to non-cat exposed accounts and from loss-affected to non-loss affected geographies.
  • Gallagher International - the London subsidiary of serial consolidator AJ Gallagher - has underscored its position as the most acquisitive player in the London broking market by securing an exclusive right to buy 2004 start-up Oxygen.
  • US insurers are facing a raft of claim notifications on News Corporation's multi-million dollar directors' and officers' (D&O) programme, as the media multinational continues to face the fall-out from the phone hacking scandal.
  • Principals at Greenhill & Co LLC by now know not to make summer vacation plans. In the last three years the New York-headquartered investment-banking firm has twice been invited along by Validus, as the Bermudian reinsurer crashes the wedding of two of its peers.
  • US investment firm AQR Capital Management has confirmed that it is setting up a reinsurance investment team led by ex-Magnetar executive Andrew Sterge, as revealed by The Insurance Insider's sister publication Trading Risk earlier this month.
  • Validus has rejected Transatlantic Re's request that it sign an agreement not to approach the latter's shareholders without the board's permission, and has embarked on the exchange offer that it advertised when it made its circa-$3.5bn bid public