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  • Japanese firm Mitsui Sumitomo Insurance Co is considering following compatriot Tokio Marine’s example and expanding its London presence by buying an insurer within two years, according to reports.
  • Specialty insurer Hiscox has added two new non-executive directors to its board - Richard Gillingwater and Bob McMillan..  </
  • Aon has reported that aviation insurers will fail to make a return for the fourth year running, with another airline loss in November that involved a Qantas A380 valued at almost $70mn
  • Private equity backed Lloyd's insurer Barbican has now received approval to form its own Lloyd's managing agency, as predicted by The Insurance Insider earlier this month.
  • Lloyd's insurer Chaucer will have a total economic interest of £707.2mn of capacity in the London marketplace for 2011, up 7.6 percent from its total £657mn stake this year.
  • Endurance Specialty Holdings is looking to expand its distribution platform in the US surplus lines sector with the launch of a new contract binding authority unit.
  • Lloyd's director of performance management Tom Bolt pledged to continue to keep a tight rein on underwriting as he highlighted concerns over churn of existing business between syndicates at lower prices in 2011.
  • Insured losses from natural catastrophes and manmade disasters total $36bn in 2010 so far - up 34 percent on last year - according to Swiss Re's sigma team.
  • American International Group (AIG) has returned to the capital markets for the first time since its government bailout in September 2008 with a $2bn bond issue.
  • US-based property and casualty reinsurers are writing less premium this year and their combined ratio is deteriorating, according to a survey of statutory underwriting results by the Reinsurance Association of America (RAA).