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  • Japanese non-life insurers have now paid out 944bn yen ($11.8bn) relating to homes damaged by the 11 March earthquake, the General Insurance Association of Japan said last week (10 June).
  • Preference share issuances are gaining in popularity as (re)insurers raise new funds to take advantage of hardening property cat rates without diluting their existing shareholders.
  • Small Lloyd's insurance broker Swinglehurst is anxiously awaiting the receipt of £3mn of overdue fees from a single client, as it seeks to settle a £920,000 tax dispute with the UK tax authorities (HMRC) that has driven it to the brink of bankruptcy.
  • The brutal roll-call of energy losses in 2010-11 inevitably hammered Torus' loss ratios, but has not dented the group's long-term view of the opportunities in the energy and other specialty markets.
  • International P&C insurer RSA has set out a vision for meeting the world's energy needs using renewable energy sources only as the sector continues to provide an attractive growth opportunity for insurers.
  • Risk managers in the energy industry are "not happy" with the way insurers have responded to the landscape post-Macondo and there is a danger that they will become disaffected, the chairman of Gallagher International has warned.
  • Excess capacity is continuing to exert downward pressure on commercial rates - despite the colossal catastrophe losses suffered by the global insurance industry, delegates at Airmic's 2011 conference in Bournemouth were told on 8 June.
  • The cost of political violence cover is set to increase by 5 to 10 percent because of the unrest that has spread throughout the Middle East.
  • Lexicon Partners, the corporate advisory firm that has shaped much of the London market through a decade of M&A, has merged with the larger US outfit Evercore Partners Inc.
  • Lloyd's (re)insurer Kiln has bought a 49 percent share in US managing agency WNC Holdings, which is a specialist in the lucrative force-placed insurance market.