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  • The Chubb Corporation has become the first insurer outside of Australia to put out an estimate for the impact of the Queensland floods as it revealed its Q1 2011 figures will take a pre-tax hit of $75mn to $100mn.
  • Lloyd’s liability start-up Illium Syndicate 4040 announced today (12 January) the appointment of four new underwriters. The appointees are Paul Baynham, Paul Woodward, Colin Ivory and Matt Hunt.
  • French reinsurer SCOR SA will add to its Atlas suite of cat bonds with the EUR160mn Atlas IV bond, which is due to close on 27 November.
  • French reinsurer SCOR SA will add to its Atlas suite of cat bonds with the EUR160mn Atlas IV bond, which is due to close on 27 November.
  • Global insurer Axa reported a 24 percent year-on-year drop in net income to EUR2.7bn for 2010, due to a one-off EUR1.6bn loss on the sale of its UK life business.
  • Munich Re is continuing to eye M&A opportunities in North America following its 2008 purchase of the Midland Company
  • Validus Holdings says it would expect to take a hit of between $25mn and $50mn from last week's deadly New Zealand earthquake, based on industry losses in the range of $6bn to $7.5bn.
  • Novae Group is entering the Lloyd's energy market with the appointment of Jason Poulastides to Novae Syndicate 2147. The firm is hoping to take advantage of the "biggest ever" rate rises in the sector.
  • Group net income for 2010 halved to $41.6mn at Caribbean insurance group Sagicor as positive results at core Caribbean life operations were offset by losses from global property and casualty business written through its Lloyd's Syndicate 1206.
  • Lloyd’s insurer Chaucer revealed improved syndicate forecasts for both the 2003 and 2004 years of account, together with positive progress on the current year of account, as it released a trading update last Thursday (18 August).