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  • As investors contemplate the scorched landscape of depressed (re)insurer valuations, a potential fillip was given today (12 May) with predictions that future capital flows are likely to head towards existing carriers rather than to support start-ups.
  • Contingent commissions should not be seen as the "litmus test" of potential conflicts of interest for brokers because all carrier revenue streams have the potential to cause similar divergences in interest.
  • Despite the imminent arrival of Alterra Group - formed by the merger of Bermudians Max Capital and Harbor Point - market conditions are continuing to discourage M&A activity in the property and casualty (P&C) sector.
  • Bermudian (re)insurer PartnerRe has promoted former vice chairman Jean-Paul Montupet to chairman of the board, replacing John Rollwagen, who is to remain a director at the firm.
  • Aon Benfield is to add facultative capacity for US terrorism risk through its FAConnect electronic placement platform, The Insurance Insider's sister publication Inside FAC revealed today.
  • Lloyd's (re)insurer Catlin is the lead for the commercial passenger jet that crashed in Libya in the early hours of today (12 May), while broker Aon placed the coverage, The Insurance Insider understands.
  • Lloyd's and international (re)insurer Beazley has reported a first quarter increase of almost 20 percent in gross written premium (GWP), driven largely by acquisitions in property and reinsurance lines.
  • Allianz's net income smashed through analyst expectations today (12 May), fuelled by higher-than-expected capital gains.
  • Lloyd's and international specialty (re)insurer Hiscox has reported growth in all markets for the first quarter of 2010 except London, where the company booked a 1.8 percent reduction in gross written premium (GWP) relative to Q1 2009.
  • Ratings agency S&P has revised its outlook on oil giant BP's captive insurer, Guernsey-based Jupiter Insurance to negative from stable whilst reaffirming the unit's AA insurer financial strength and long-term counterparty credit ratings.