August 2012/3

Having won over investors and regained its crown as the highest valued stock in the London market, (re)insurer Amlin duly delivered on its H1 results with peer-leading profitability.

Airline insurance rates have continued to trend down in 2012 as the industry's unusually benign loss record puts downward pressure on rates, despite exposure increases.

The sale of Flagstone's Lloyd's segment to Matt Fairfield's start-up ANV has completed today (20 August), according to an announcement from the Bermudian reinsurer.

Florida state insurer Citizens Property Insurance has come out fighting to defend the cost of its reinsurance spending after local media criticised the organisation's travel expenses.

Profits at independent London market reinsurance broker Alwen Hough Johnson (AHJ) climbed by 45 percent in 2011, as its bottom line benefited from the first of a series of payments from London peer BMS.

Lloyd's syndicates are continuing to make gains on their "open year" forecast results from the 2010-11 underwriting years that were affected by cat losses, but they won't be sufficient to turn last year into a profit.

QBE, the second largest writer of multi-peril crop insurance (MCPI), has said that it expects its net crop losses from the drought conditions in the US to amount to just $30mn.

Third Point Re is looking to raise third party funds to capitalise an off-balance sheet vehicle to write property cat business, The Insurance Insider can reveal.

QBE's share price plunged by as much as 10 percent in intra-day trading after its half-year results were released last week.

After months of M&A speculation Flagstone has said that it is well set to continue as a standalone business.

Canopius has moved closer to the conclusion of its long-meditated takeover of Lloyd's peer Omega after it secured the final regulatory approval needed for the deal to complete.

A handful of the Lloyd's syndicates with Names capacity are seeking to add a total of £65mn to their combined stamp capacity for 2013, The Insurance Insider can reveal.