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  • Swiss Re said last week its excess capital leapt from $9bn to $12bn in the first quarter and added that it was now focused on repaying Warren Buffett - which would allow the world's second-largest reinsurer to restart share buybacks.
  • In the week that Berkshire Hathaway's Charlie Munger remarked: "I would not bet the farm on price increases...it's so easy to under-price and under-reserve", evidence came of the investment giant's limited appetite for reinsurance business.
  • It is rare that the likes of CV Starr's Hank Greenberg, Markel Corp's Tony Markel, Stone Point's Chuck Davis and Aon founder Pat Ryan are in the same room but they - and many other industry savants - are converging on New York this week to discuss the challenges of the soft market.
  • Drilling contractor Transocean will increase its level of self-insurance following the huge Deepwater Horizon rig loss in the Gulf of Mexico (GoM) on 22 April, the company revealed.
  • Losses reported by the (re)insurance industry for the Chilean earthquake have slipped over the $6bn threshold, thanks to a late-arriving $810mn addition from US (re)insurance behemoths Berkshire Hathaway and AIG.
  • Industry veteran Pat Ryan faces a firestorm of litigation in the wake of his audacious poaching raid on CRC, after recruiting over 100 of its staff to his start-up managing general agent.
  • If any additional evidence is required that there is ample capital floating around the (re)insurance industry, then the Q1 share repurchase schemes provide undeniable proof (see table).
  • European insurance stocks raced ahead today (10 May) as sovereign debt default fears subsided following the mammoth EUR750bn package to underpin the Euro.
  • Another high-profile member of Lloyd's and international specialty (re)insurer Brit's fast-shrinking professional risks division is set to depart, The Insurance Insider has learned.
  • Warren Buffett-led Berkshire Hathaway suffered catastrophe losses of $500mn in the industry's bruising first quarter.