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  • A number of Lloyd's insurers are reining in capacity amid falling prices, despite excess capacity in most market lines.
  • Hardy Underwriting took the highest proportional loss on the New Zealand earthquake of the international reinsurers to report to date, with its £10mn hit representing nearly 7 percent of its mid-year shareholder equity.
  • Changes to Risk Management Solutions' (RMS) US hurricane model set for release in February 2011 could increase outputted average annual loss (AAL) figures by 25-30 percent for (re)insurers, The Insurance Insider can reveal.
  • QBE Insurance is attempting to buy a giant $1.3bn, multi-year global reinsurance programme that will test the state of the market as the key 1 January renewal date approaches, The Insurance Insider can reveal.
  • CatCo, the aspiring catastrophe reinsurance fund, is hoping to raise sufficient capital to list on the London Stock Exchange next month.
  • Hardy Underwriting has rejected a second 330p per share offer from Beazley that values the company at £170mn, and has refused to consent to takeover talks.
  • QBE Insurance is attempting to buy a giant $1.3bn, multi-year global reinsurance programme that will test the state of the market as the key 1 January renewal date approaches, The Insurance Insider can reveal
  • Hardy Underwriting said today that Beazley Group's revised takeover proposal undervalues the firm and is an attempt to capitalise on its modest valuation and recent international catastrophe losses.
  • Lloyd's and international (re)insurer Amlin wrote £1.9bn of gross written premium (GWP) in the first 10 months of this year, a 39.4 percent increase on the same period in 2009
  • Beazley Group has expressed "disappointment" after its smaller Lloyd's rival Hardy Underwriting rejected a revised takeover price last week equivalent to 330p per share or £170mn.