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  • AM Best has said that for global reinsurers, the 22 February New Zealand earthquake is likely to be an earnings event, but company ratings should not be impacted.
  • Tokio Marine subsidiary RJ Kiln & Co reported 2008 syndicate results that are comfortably ahead of prior guidance, but 2010 is shaping up to be a more modest year due to heavy cat exposures
  • New York Governor Andrew Cuomo has released updated details on plans to merge the state's insurance, banking and consumer protection agencies into one mega-regulator that waters down some of the stringent original terms
  • Amlin could be in line for recoveries if its losses from the latest New Zealand quake are much larger than the first event, CEO Charles Philipps has told The Insurance Insider
  • Ariel Holdings has returned $660mn to its shareholders in 2010 and the opening months of 2011 after another strong set of full-year results
  • UK motor insurer Admiral Group has announced record full-year profits for 2010 and an expanded share of its home market, but has faced scrutiny from analysts over its initial loss estimates and reliance on ancillary income
  • Amlin's profit before tax nearly halved in 2010 to £259.2mn amid high cat losses, but the Lloyd's insurer still managed to deliver an 88 percent combined ratio
  • Swiss Re said this morning (2 March) that the 22 February New Zealand earthquake will cost the firm approximately $800mn.
  • The board of the Texas Windstorm Insurance Association (TWIA) was in an emergency meeting yesterday (28 February) after the vehicle was placed under administrative oversight by the state's insurance commissioner.
  • Former senior Brown & Brown executives Jim Henderson and Tom Riley have secured up to $250mn private equity backing to launch Assured Agencies, a consolidation platform to build a middle market insurance broker that is being seen as a direct threat to their previous employer.