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  • The global specialty (re)insurance world is a bit like the clientele of a large and successful dating agency. Everyone pays their dues and keeps their profile up to date, but there doesn't always seem to be a lot of action going on for the members. Like all dating agencies the motives for joining are often as varied as the membership.
  • Lloyd's is facing a $1.4bn pre-tax net loss relating to the Chile earthquake, the Society confirmed today (26 May).
  • There is a growing consensus that 2010 will be an active year for the North Atlantic hurricane season afte
  • The Lloyd's excess insurers for drilling contractor Transocean, which owned the ill-fated Deepwater Horizon oil rig, have filed a lawsuit asking for a declaration that they have no obligation to cover BP, which owns the underwater lease, against damage and cleanup costs from the disaster.
  • The global specialty (re)insurance world is a bit like the clientele of a large and successful dating agency. Everyone pays their dues and keeps their profile up to date, but there does not always seem to be a lot of action going on for the members.
  • As the Prudential board seeks to secure shareholder support for the £14.5bn rights issue it needs to fund its takeover of American International Assurance (AIA), the company's three most senior directors have said they will take up their full allocation of rights to acquire new shares.
  • Florida's cat fund would be able to absorb a $17.2bn, or one-in-21 year storm, before having to raise funds through post-event bonding, according to its advisers Raymond James & Associates (RJA).
  • Non-US (re)insurers that operate in the US market look set to benefit from reduced collateral requirements after Senator Dodd's financial reform bill passed the Senate.
  • Standard & Poor's (S&P) has offered a vote of confidence to Hannover Re CEO Ulrich Wallin as he moves towards the end of his first year in the job by removing the company from negative watch.
  • KPMG has been appointed administrator for Lloyd's broker FirstCity's legacy book, following the sale of its active insurance business in early April to AJ Gallagher.