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  • Estimates of the potential loss from the Chilean earthquake have continued to rise over the past week, as further indications of individual company losses have surfaced along with increased projections from modelling firms.
  • Reinsurance rates continued to soften at the key 1 April renewals, showing little impact from the exceptional level of catastrophe losses in the first quarter.
  • Beazley Group leads the cover for Massey Energy's "Upper Big Branch" coal mine, scene of the worst US mining disaster since 1984, The Insurance Insider can reveal.
  • The former head of Beazley Group's specialty lines division, Johnny Rowell, has "mothballed" his proposed £58.3mn Lloyd's syndicate start-up, The Insurance Insider can reveal.
  • Three new US-peril cat bonds are expected to come to market in the next week, kick-starting ILS issuance ahead of the start of the US wind season in June.Reinsurance broker Aon Benfield is believed to be managing Mystic Re 2010 on behalf of US insurer Liberty Mutual. The bond is expected to come to market in mid-April and will offer multi-year cover against US wind and quake exposures, according to sources.
  • Munich Re stands to be the latest (re)insurer to offer longevity risk transfer capacity, broadening the capital base for insurers and pension funds seeking to hedge their pension portfolios.The world's largest reinsurer is understood to be considering offering capacity for tailor-made solutions, to longevity exposures, according to reports
  • Moody's warns on share buybacks after Q1 cats; Buffett's spread; Hank's exit; Mid-Transatlantic; Swiss gloom; Caribbean cats; Leapfrogs ahead...
  • The Big E; Iran run, Levene lament; Carroll leaves Canopius; Baugh boost; The new R&Q...
  • New industry research shows that securities class action settlements rose 35 percent to $3.8bn in 2009, offering further evidence that pressure is mounting on insurers with US professional liability exposures.
  • The potential pitfalls of writing directors' and officers' (D&O) coverage for financial institutions have been highlighted once again in the fallout from the long-running Stanford coverage dispute.