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  • Group net income for 2010 halved to $41.6mn at Caribbean insurance group Sagicor as positive results at core Caribbean life operations were offset by losses from global property and casualty business written through its Lloyd's Syndicate 1206.
  • Global reinsurance broker Aon Benfield has launched an earthquake model for Cyprus, which the firm said helps to bridge a gap in the market where no viable alternative models exist.
  • Brit Insurance Holdings has delisted from the London Stock Exchange, effective as of 8:00 am in London this morning (7 April), effectively closing a final chapter on the firm's protracted acquisition by the Apollo and CVC-backed Achilles bid vehicle.
  • A sequence of natural catastrophe events outside the US has left Novae Group with a first quarter catastrophe bill of $60mn to $80mn
  • Bermudian property cat specialist Montpelier Re said it estimates pre-tax net losses from the Japanese earthquake and tsunami of around $126mn.
  • Europe's third-largest insurance group Assicurazioni Generali has confirmed that company chairman, Cesare Geronzi has resigned its board "in the greater interest of the company".
  • Berkshire Hathaway's carefully cultivated reputation for ethical behaviour could be dented by the fallout from the departure of David Sokol, ratings agency Standard & Poor's (S&P) has said.  
  • Newly created global specialty managing general agency ANV has shown its market ambitions by hiring Paul Cusition, the London market professional indemnity heavy hitter, The Insurance Insider can reveal
  • Alterra Capital Holdings has launched the first post-Japan property catastrophe sidecar in partnership with private equity firm Stone Point Capital and up to $200mn of committed capital
  • Three US-based analysts have warned investors against expectations of significant post-Japan rate ncreases and dismissed any suggestion of a wholesale turn in the market