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  • Prices for peak US wind industry loss warranties have risen by up to 25 percent this year and are set to rise further on high loss tolls, wind model changes and a shortage of retro capacity, according to brokers
  • Private equity-backed Torus has parted company with its two most senior reinsurance executives, Tim Mardon and Jon Sullivan
  • Cat bond values fell at the end of June following a month-long rally as the US tornadoes and an aversion to US wind risk took their toll on a number of the traded instruments
  • A call to arms by investors struck by spectacular losses has provoked concerns of an unwelcome trip down memory lane back to potentially costly litigation between Names and their underwriting agents...
  • Halfway through 2011, and with the half-year reporting season poised to begin, the reinsurance industry is at a crossroads. With the next major renewal season six months away, all eyes are on hurricanes and RMS Version 11.0
  • Residual insurer the Massachusetts Property Insurance Underwriting Association has modestly restructured its 2011 reinsurance programme, paying around 8 percent more in premium than last year, The Insurance Insider understands
  • While most of the attention was reserved for the two heavyweight 1 July renewals of Suncorp and Zenkyoren, the last few months have also seen a flurry of significant treaty renewals for programmes hit by the plethora of cat losses in 2010-11
  • Quoted Lloyd's carrier Amlin expects to incur $50mn of losses from the two major tornado outbreaks in the US in April and May
  • Global insurer Allianz has issued EUR500mn of contingent capital notes to Japanese carrier Nippon Life
  • Chaucer's new owner The Hanover is to take catastrophe losses of $145mn-$160mn in the second quarter, more than doubling the US insurer's previous loss tally from tornadoes in April