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  • Lancashire earned more first quarter profit from its 10 percent stake in the Kinesis portfolio this year, but reported lower profit commissions as it awaited news on whether 2015 losses had triggered claims.
  • Enstar earnings edge higher; Hiscox launches US flood cover; Chaucer enters marine PI market; Franchise board approves planning streamlining; AIG completes sale of Advisor Group; Lloyd's chairman Nelson confirms exit; JLT Re expands into US mortgage business; AIG targets $4bn IPO valuation for UGC; Hannover Re seeks reinsurance entrepreneur; Chubb offloads Brazilian motor book; Old Mutual launches Lloyd's coverholder; Lonmar hires Underwood; TMK launches Asian aviation consortium; Chubb hires Britain for tr
  • Allianz Risk Transfer (ART), backed by Nephila Capital, said it had lined up a "robust pipeline" of revenue swaps for wind power developers after signing a 10-year swap with Capital Power.
  • Leadenhall Capital Partners has grown its assets under management (AuM) by 16 percent from the start of the year to reach $2.8bn, sister publication Trading Risk reported today (9 May).
  • Almost a third of the London market believes that not enough leaders are coming through the ranks, creating a skills gap for the future, according to a London Market Group (LMG) survey.
  • Analysts responded positively as Chubb and Allstate both topped consensus forecasts for their first quarter results.
  • The International Chamber of Shipping (ICS) has said the conviction of The Prestige captain earlier this year could set a precedent that will break ship-owners’ right to limit liability in the event of future oil spills.
  • Despite a big earnings miss, American International Group (AIG)’s results last week (2 May) were met with tentative optimism by a number of analysts covering the beleaguered insurer’s stock.
  • Third Point Re chairman and CEO John Berger said the company continues to believe in its total return model, despite challenging conditions in the financial and reinsurance markets contributing to a $51.1mn first quarter net loss.
  • Alleghany reported a 10.3 percent increase in operating profits to $144.7mn in the first quarter, as its underwriting result improved by 18.5 percent year-on-year following a strong performance at reinsurance arm TransRe and the group’s primary operations.