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  • Bermudian reinsurer Argo Group has told investors to expect net losses from the Great Tohoku earthquake of around $60mn - a relatively modest figure compared to many of its peers
  • Axis Capital has estimated the total financial impact from last month's Japan earthquake and tsunami will cost it $285mn, net of tax, reinsurance recoveries and reinstatement premiums.
  • A group of leading UK insurers have vowed to continue their fight to overturn a Scottish law that grants sufferers of pleural plaques the right to claim compensation, after a Scottish court upheld the law in a ruling last week (12 April).
  • One potential barrier to a takeover of up-for-sale Lloyd's insurer Chaucer plc is its outstanding liabilities to Madoff and other financial lines claims that sit in its legacy Syndicate 4000, The Insurance Insider understands.
  • Australian (re)insurer QBE has been hit with a proposed class action suit in Florida over force-placed insurance business, along with some of its subsidiaries and US bank Wells Fargo.
  • A UK Supreme Court ruling that clarified employers' and their insurers' liability on hearing loss caused in the workplace was broadly welcomed last week by insurers.
  • The Brazilian government has partially backtracked on plans to ban international reinsurers from ceding premiums to subsidiaries abroad.
  • UK legal regulator the Solicitors Regulation Authority (SRA) has approved final changes to the industry's professional indemnity (PI) insurance regime, offering an end to the system of last-resort insurance for lawyers unable to source commercial cover.
  • The Association of British Insurers (ABI) has called for a ban on referral fees as motor insurance premiums will continue to rise if the cost of settling personal injury claims is not curbed.
  • The Mississippi Windstorm Underwriting Association (MWUA) has secured an additional $65mn of reinsurance limit at renewal for the same premium that it paid in 2010/11, reducing the programme's rate on line by 8.4 percent.