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  • Shares in The Hartford were down 3.25 percent in after-hours trading after the US giant issued a Q2 profits warning on catastrophe losses and an asbestos charge.
  • Claims transformation a ‘double-edged sword'; Fac back; Apollo heads for treaty; Profits up at Lloyd & Partners; ...And at Tysers; Traveler retires...
  • Bermuda-based Lancashire Insurance Company has become the first of the so-called "class of 2005" start-ups to be granted a positive outlook rating by AM Best.
  • The insurance arm of UK government-controlled the Royal Bank of Scotland Group (RBS) has suffered another difficult year, with a 2010 operating loss of £295mn, down from a £58mn profit a year earlier
  • Lloyd's interim results reflected the strong performance of insurers underwriting in the marketplace as well as warnings of widely softening market conditions.
  • Bermudian reinsurer Olympus Re has had its AM Best “A-” (Excellent) rating placed under review with negative implications as the rating agency expressed concerned over the company’s exposures to this year’s potent hurricane season.
  • The Bermudian (re)insurer Validus Holdings Ltd has emerged as the front-runner to buy the up-for-sale Lloyd’s insurer Talbot Underwriting Holdings, The Insurance Insider understands.
  • German legacy buyer Darag has kept up its initial merger and acquisition pace into early 2011 with the takeover of the non-life portfolio of Belgium-based Quantum Insurance
  • 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.
  • Brit shareholders have been given a further fortnight to vote on the joint Apollo-CVC offer for the listed Lloyd's insurer first unveiled in late October.