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  • Chartis consolidated its second place on the list of highest declared Japanese cat losses among international (re)insurers when it increased its Japan loss estimate to $1.3bn.
  • US property and casualty premiums declined by an average of 4 percent during April according to the latest monthly pricing survey from Houston-based MarketScout.
  • Swiss-domiciled (re)insurer Allied World salvaged a net income of $8.6mn from a quarter that was devastated by $132mn of catastrophe losses.
  • James Gerry has parted company with JLT's managing general agent Thistle Underwriters, The Insurance Insider can reveal.
  • Defunct Bermudian retro player PXRE has received approval to withdraw $22,800,000 in the form of a cash dividend to its immediate parent WT Holdings Inc
  • Global broker Willis has followed rivals in posting strong first-quarter results with 4 percent organic growth in fees and commissions
  • Swiss-based (re)insurer Ace Limited managed to post $259mn net income for the first quarter despite large catastrophe claims during the period
  • Global (re)insurer Swiss Re has surprised markets by keeping its Japan losses static in its quarterly results
  • MMC joined the strong Q1 2011 broker results as it posted 4 percent organic growth in brokerage revenues and maintained a bullish outlook for the future
  • Randall & Quilter Investment Holdings (R&Q) has continued its quest to diversify its insurance portfolio away from its origins as a run-off focused insurer with the recruitment of four senior executives to the firm's expansive underwriting management division.