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  • The 10 highest paid executives at US P&C giant Liberty Mutual earned more than $100mn between them in 2010, regulatory filings suggest.
  • Chartis reports small rise in Japan loss; Lancashire bucks trend with Q1 underwriting profit; Validus absorbs $271mn cat losses; Markel records profits despite cat toll
  • London-listed Novae shares have been unfairly punished since the Japan earthquake and deserve a re-rating, according to analysts who digested the Lloyd's (re)insurer's trading statement last week.
  • Lloyd's (re)insurer Hiscox plc believes that the first-quarter loss events have "changed" the market and predicts average rate rises of 10 percent for US cat business at the mid-year renewals.
  • Munich Re has followed Swiss Re in leaving its overall first-quarter loss estimate from cats unchanged at EUR2.7bn ($3.9bn).
  • Despite rates and demand rising for both quota share and XoL reinsurance/retro capital following the first quarter catastrophes, little Berkshire Hathaway activity has been observed in the market.
  • Gerry leaves JLT's Thistle; US P&C rates fell 4% in April, says MarketScout; BMA revises capital model guidance; Willis Facultative to merge with Glencairn; RBSI returns to profit; Pioneer hire marine underwriter; New terrorism underwriter for Antares; Alterra planning for Brazil.
  • Bermudian Montpelier Re Holdings Ltd expects to close a $150mn fundraising tomorrow (10 May) as it looks to channel the proceeds to support its underwriting ahead of the key US wind renewal season.
  • Pat Ryan has fulfilled a long-cherished ambition to secure a Lloyd's underwriting platform by agreeing to acquire Jubilee, The Insurance Insider can reveal.
  • Zurich Financial Services has become the latest international carrier to abandon the Bermuda excess casualty market after closing its excess energy operation on the island, The Insurance Insider can reveal.