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  • As the (re)insurance market awaits RMS's modelled loss estimate for the Japanese quake, the industry loss figures published by its two main cat modelling rivals demonstrate the high level of uncertainty and lack of information about the disaster.
  • The prime task for everyone in the (re)insurance industry over the past week has been collating and quantifying known exposures - and communicating them to an audience of brokers, clients and investors hungry for any information on the Japanese earthquake and its likely financial impact.
  • An improving loss picture saw reinsurers' equities, traded debt and credit default swap prices all improve at the end of last week after coming under pressure on 14-16 March in the aftermath of the disaster
  • Battle lines are being drawn between brokers and underwriters ahead of the 1 June and 1 July US wind renewals.
  • Singapore-headquartered insurance group Whittington has confirmed that it has put its London-based managing agency business up for sale and will invest the proceeds in growing its Asian platform
  • Ratings agency Moody's put Flagstone Re under review for a possible downgrade due to the series of natural disasters in the first quarter, provoking a strongly worded response
  • Swiss Re has announced a preliminary loss estimate of $1.2bn for the Japanese earthquake and tsunami
  • AIG said its P&C arm Chartis faces an estimated $1bn in Q1 pre-tax net catastrophe losses, including $700mn from the Japan quake and tsunami.
  • Omega has confirmed that it received more than one takeover approach since it acknowledged the interest of Canopius early in January.
  • Ariel Holdings subsidiary Atrium Group is proposing a merger of syndicates 570 and 609 on the retirement of the former's active underwriter Kevin Wilkins in March 2012