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Aegis leads $180mn Xcel power plant loss

Aegis in London leads the programme for Xcel Energy's Sherburne County Generating Station (Sherco 3), where a recent fire is expected to cost the power market up to $180mn, Inside FAC understands…Read more

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Transocean wins Deepwater liability ruling

Rig operator Transocean has won an important legal victory in the US as part of its ongoing dispute with BP after a federal judge ruled this week that it is not liable for pollution claims arising from the Deepwater Horizon disaster…Read more

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Thai losses continue to dent Q4 results

The continuing impact of the Thailand floods has been one of the recurring themes this week as a slew of reinsurers unveiled statements in relation to their fourth quarter results…Read more

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Political risk defectors start at XL

XL Insurance in London has started a new Political Risk and Trade Credit (PRTC) team following the hire of a clutch of underwriters from QBE…Read more

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Joachim could cost EUR300mn says Perils

The Perils industry loss collation service suggests that losses for the property insurance market as a result of windstorm Joachim will be some EUR300mn…Read more

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Property decline to slow in 2012

Marsh expects rate reductions for direct property risks to become less frequent in 2012 as underwriters continue to push for rises or restrict limits on accounts with significant losses or catastrophe exposures…Read more

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US insured crop losses could reach $10bn

Payments for crop losses by US farmers have reached record levels in excess of $9bn and look set to go over the $10bn mark, according to a Kansas-based trade organisation…Read more

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Aviation market could soon tip

A large scale major loss could quickly harden the aviation market in 2012 given the spate of heavy losses which afflicted writers prior to 2011, according to Aon…Read more

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GCube adds $100mn to offshore renewable capacity

Specialist renewable energy agency GCube has added an additional $100mn to its existing capacity for offshore renewable energy projects…Read more

Sector analysis: Space

Overcapacity and stagnant rates are a familiar tale in global reinsurance, but the satellite market might well have been one catastrophe away from a market turn in 2011, finds Inside FAC… Read more