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  • Loss estimates from the recent earthquakes and typhoon that have hit Japan continue to spread as insurers count the cost.
  • The value of Names’ right to participate on Lloyd’s syndicates could be put to the test after the £193.2mn deal between Bermudian firm Ariel Re and Atrium Underwriting plc (see article 2).
  • UK-listed broker Jardine Lloyd Thompson (JLT) has expanded its Bermudian operations with the acquisition of Park (Bermuda) Ltd (Park) for up to $11.8mn cash.
  • Further widespread flooding over the weekend will push the combined cost of the summer floods in the UK to well in excess of £2bn, according to Geoff Bromley, non-Americas chairman of reinsurance broker Guy Carpenter.
  • The Association of Run-Off Companies (ARC) has announced a number of changes to its board adding three new appointments while its deputy chairman, Peter Abbott, has stepped down.
  • A solvent scheme of arrangement for the reinsurance business written through the GLM Pool was sanctioned by the UK High Court in London earlier this month.
  • "Class of 2005" insurer Lancashire Holdings Ltd has taken advantage of a favourable credit environment to refinance an existing $350mn letter of credit facility.
  • Bermuda-headquartered (re)insurer Catlin Group announced the appointment of a new aviation team head, based in Paris.
  • Lloyd's insurer Amlin plc's announcement of plans to set up a Singapore office is the latest in a series of moves by market participants and the Corporation to directly access business in the Asia Pacific region.
  • Insured losses in Belgium from January’s Windstorm Kyrill have reached EUR213mn, according to the Belgian insurer association Assuralia.