Companies continue to report the impact of second-quarter catastrophes, with Bermuda-based Arch Capital Group Ltd. saying it expects losses of between $90 million and $110 million, of which 15 percent is updated first-quarter loss estimates.

The first named storm of the Atlantic hurricane season has formed, as Tropical Storm Arlene moves west-northwest in the Gulf of Mexico at around eight miles per hour.

Tower Group Inc. says it expects $8 million in pre-tax losses from U.S. storms in April, May and early June.

Former Kentucky Insurance Commissioner Roy Woodall will be President Obama’s nominee for the insurance member of the Financial Stability Oversight Council.

Although the property and casualty industry turned in a “mixed performance” for the 2011 first quarter, fundamentally it remains “quite strong financially,” according to an analysis of results by I.I.I. President Robert Hartwig.

Property and casualty excess capital remains robust, although it has declined since July 2010, an analysis shows, while a separate analysis strictly on reinsurers shows a 6 percent decline in capital for the 2011 first quarter as companies contend with, among other issues, insured catastrophe losses.

As more insurers begin to make second-quarter loss estimates from tornado-spawning storms that ravaged parts of the U.S. in April and May, Aon Benfield says insured losses for the two months are nearly triple the annual average over the last 20 years.

The property and casualty industry still has “robust” excess capital, but not as much as July 2010, according an analysis by Morgan Stanley.