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  • Catlin will have to raise its valuation relative to other Lloyd's insurers if it is to avoid becoming a potential takeover target after Brit and Hardy, according to stockbroker Collins Stewart.
  •   The insurance-linked securities (ILS) market is well positioned to grow as reinsurance rates fall but the sector must improve its indemnity-based offerings, according to speakers at a Trading Risk New York event last week.
  • The Interior Secretary of the Philippines is considering pooling the country's calamity funds to leverage international reinsurance purchases, following the Super-Typhoon Megi
  • Specialist broker Price Forbes & Partners has officially launched its new reinsurance division with Paul Bumpstead at the helm, as tipped by The Insurance Insider earlier this year
  • Willis's reinsurance arm has merged its continental European and UK property and casualty businesses, while creating a specialty casualty practice that will operate globally.
  • Broker Towers Watson has made three new hires to its London reinsurance team, signing up John Weedon, Dan Bailey and David Tuttlebee from Lloyd's broker Walsham Brothers.
  • Miller Insurance Services' underlying profits climbed by 13 percent in the 12 months to the end of April, as the company outperformed the majority of its broker peers, according to its annual accounts.
  • US retail broker Brown & Brown's third-quarter net profit climbed 8.1 percent from a year earlier to $44.3mn, although for the first nine months income remained at $129.6mn as prices weakened.
  • Privately held Lloyd's underwriter Cathedral Capital's Syndicate 2010 is likely to turn a profit this year despite the high natural catastrophe toll in the first half, according to ratings agency AM Best.
  • The recession may not have spiked professional indemnity (PI) claims to the levels originally feared - but rising levels of small-level claims are bruising PI insurers.