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  • White Mountains Insurance Group booked an 80 percent slump in net profits from $470mn in 2009 to $87mn last year, despite a relatively strong performance in its reinsurance division.
  • The brutal winter storms that struck the US at the start of February will produce insured losses of between $790mn and $1.4bn, reports catastrophe modelling firm AIR Worldwide.
  • Midway through the US and Bermudian Q4 reporting season results have broadly beaten expectations so far, according to UBS analyst Brian Meredith.
  • Premiums in the mining industry have fallen for the second consecutive year despite a series of catastrophe losses, according to broker Willis.
  • Munich Re's revised loss forecast for the New Zealand earthquake has taken the growth in reported reinsurance losses since December past the $650mn mark, analysis from The Insurance Insider shows.
  • Australian insurer Suncorp has once again reaped the benefits of comprehensive sideways reinsurance protection, as it revealed its net claims costs from last week's Category 5 Cyclone Yasi will be capped at just $10mn.
  • Rates for treaties covering offshore energy risks rose by 20 percent at the 1 January renewals, according to reinsurer Hannover Re.
  • Marine insurers have secured further clarity from the UK High Court over one of the crucial issues posed by piracy off the coast of Somalia - the legality of ransom payments.
  • The marine insurance market continues to expand in 2011, despite fears of overcapacity in the core hull and machinery (H&M) sector that has not delivered underwriting profit for more than a decade.
  • A return to hard market conditions will require $74bn of excess capacity to be taken out of the US property and casualty market, according to global insurance data and analytics provider Advisen.