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  • With Ryan Specialty Group in the box seat to take over the Jubilee Managing agency at Lloyd's, it looks like the recent race to become the first broking group with an underwriting presence in the venerable insurance market is at an end.
  • State Farm Automobile Insurance Company is shedding A- capacity on its mid-year renewing reinsurance programme, The Insurance Insider can reveal.
  • Lancashire added to the post-Japan "return of the sidecar" speculation when it said last week that it was looking at ways to "leverage" its "underwriting capital"
  • Lloyd's (re)insurer Hiscox plc believes that the first-quarter loss events have "changed" the market and predicts 10 percent average rate rises 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)
  • The timeline for implementing Solvency II (SII) is becoming increasingly uncertain, adding to fears that (re)insurers and regulators may not be ready for the 1 January 2013 start date, according to KPMG's insurance director Janine Hawes
  • NKSJ Holdings, one of the three large Japanese commercial P&C insurers, has cut its 31 March 2011 profits target on the back of an estimated YEN 57bn ($709.5mn) loss from the 11 March Japan earthquake.The figure excludes claims on domestic household losses included in the state-backed Japanese Earthquake Reinsurance Company (JERC).
  • Markel Corp ended the first quarter with net income of attributable to shareholders of $8.3mn despite the catastrophe losses.Markel made an underwriting loss of $53.6mn during Q1 2011, a worsening from the $4.7mn loss reported during the same period last year.
  • Tokio Marine has declared losses from the Tohoku earthquake of just $1.1bn (90bn yen).
  • Troubled UK personal lines market leader Royal Bank of Scotland Insurance (RBSI) returned to profitability in the first quarter of the year as falling income was more than offset by lower claims.