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  • The quoted Lloyd's (re)insurers have shrunk by an average of 11 percent in the past six months as a result of the brutal roll-call of 2011 catastrophe losses.
  • The board of Transatlantic Holdings has turned down Validus Holdings' offer for the US reinsurer but opened the door for a revised approach on better terms by agreeing to enter into discussions with the Bermudian.
  • Second quarter catastrophe losses and deteriorating estimates from events in Q1 have pushed Platinum Underwriters Holdings Ltd to a $20.4mn net loss for the period, taking the reinsurer's deficit for the first half of 2011 to $177.6mn.
  • Capital market reinsurers could gain an edge on their traditional competitors in the European market as economic instability grows, broker Aon Benfield Securities said in its quarterly report on the insurance-linked securities (ILS) market.
  • Bermudian Ironshore has boosted its provision of capacity to London market trade credit insurer Equinox Global.
  • Lloyd's has said that it expects its eventual losses from the first and second Christchurch earthquakes to remain broadly unchanged at $665mn and $1.2bn.
  • Bermudian (re)insurer Aspen's UK commercial division Aspen Risk Management has bought the renewal rights on a book of commercial business written by UK agency M4 Underwriting.
  • Pat Ryan's post-Aon venture Ryan Specialty Group has launched its latest managing general agent PER Se - a business focusing on energy and power.
  • Japanese life insurers have paid out 128.7bn yen ($1.63bn) in claims from the Tohoku earthquake, according to information released by the Life Insurance Association of Japan.
  • Florida regulators have admitted Ariel Re and DaVinci Re to the list of eligible insurers which may operate in the state with greater collateral flexibility, making them the first privately-owned companies on the list.