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  • The cycle has reached a point where reserve releases are no longer masking poor underwriting results stemming from declining rates and rising claims, according to Stifel Nicolaus analysts.
  • Aon founder Pat Ryan is sanguine about being treated differently by Lloyd's as he is poised to become the first broker to own a syndicate in almost 30 years.
  • Arthur J Gallagher International has closed its long-running takeover of UK broker Heath Lambert, a move which will catapult the group into the top ten UK insurance brokers by revenue, leapfrogging fellow London-based peer Lockton.
  • Despite the flurry of international and US catastrophe losses the industry is still awash with excess capital and those anticipating an imminent turn could be in for a long wait.
  • Florida property catastrophe reinsurance rates are expected to increase by 10 to 15 percent at mid-year renewal, according to TigerRisk CEO Rod Fox.
  • The debate over the impact record Q1 catastrophes and model changes are having on the reinsurance market took centre stage in New York last week.
  • Management reshuffle as Paraline looks to grow platform; Cooper Gay UK merges energy and non-marine leadership; AHJ boss Price relinquishes CEO role; BP doubles captive loss limit after $590mn Deepwater hit
  • Lloyd's $3.8bn of catastrophe losses from Japan, New Zealand and Australia exceed its estimated 2010 premium base for those three countries by $1.6bn, analysis from The Insurance Insider shows.
  • If The Hanover's bid to take over Lloyd's insurer Chaucer plc is successful, shareholders in the UK-listed firm will receive their cheques on or around 15 July.
  • AM Best has thrown its weight behind the growing mass of opinion that US reinsurance rates will harden at the 1 July renewals, leaving Aon Benfield as almost the lone dissenting voice.