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  • The realistic disaster scenarios for US wind risk show that severe landfalling hurricanes would cost most listed Lloyd's insurers 25-30 percent of their net tangible assets
  • The brutal toll of H1 catastrophe events has made 2011 the costliest year on record for cat-related economic losses with six months still to run
  • Hope, they say, springs eternal. And perhaps this is truer in the insurance run-off world than anywhere else at present, as panellists proved this year at The Insurance Insider's annual legacy roundtable. The industry has been operating in challenging conditions recently
  • Argo Group is estimating net losses of between $30mn and $35mn from the US tornadoes in April and May
  • The impact of RMS' new US model was thrown into sharp relief this week when Standard & Poor's downgraded six of the cat bond issues it had put on CreditWatch negative following the launch of version 11.0.
  • Key decision-making executives at firms domiciled in Bermuda will be given the right to stay on the island permanently as residents under government plans announced by Premier Paula Cox
  • Platinum Underwriters Holdings has become the latest reinsurer to reveal deterioration on Q1 catastrophes as it added a total of $46.8mn to its loss reserves for the second New Zealand quake, the Japanese disaster and Australian flooding and cyclone claims.
  • Alterra Capital Holdings is offloading its US contract binding authority (CBA) division to Selective Insurance Group after determining the business does not fit in with its long-term strategy.
  • German legacy acquirer Darag is on the verge of buying the legacy business of a European insurer, in a move that highlights the growing vibrancy of the Continental M&A run-off market
  • Syndicate Holding Corp has bought HSBC Insurance's UK motor division for £68.5mn cash, marking the legacy reinsurer's first deal outside of Lloyd's