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  • JLT's wholly-owned wholesale broker Lloyd & Partners increased its pre-tax profits by 72 percent to £13.9mn in 2010.
  • Insurance giant Allianz saw its net income for the first quarter of 2009 drop by EUR1.12bn to EUR29mn compared to Q1 2008, as write-downs almost doubled to EUR708mn and its property and casualty (P&C) business produced sluggish figures.
  • Benfield Group should post strong 2006 earnings but shareholders will be seeking reassurance in three areas, according to analyst William Hawkins of Keefe, Bruyette & Woods (KBW).
  • Typhoon Melor, which made landfall as a category one storm in Japan during October, has resulted in incurred claims of Yen55bn ($617mn), according to an announcement by the General Insurance Association of Japan last week.
  • Net income at Zurich Financial Services strengthened by 86 percent to $1.35bn in the second quarter, as its results benefited from a positive $4.5bn year-on-year swing on unit-linked investments.
  • Lloyd's will reveal its vision for Lime Street next week in a review that proposes tweaks rather than revolution. We tell our subscribers what everyone else will have to wait until next Monday to see...
  • The Bermuda Monetary Authority (BMA) is enhancing insurance regulation in a push to become the ILS jurisdiction of choice.
  • Non-US (re)insurers that operate in the US market look set to benefit from reduced collateral requirements after Senator Dodd's financial reform bill passed the Senate.
  • Bermuda-headquartered Aspen Insurance Holdings saw its full year 2008 net income decline 78.8 percent to $103.8mn, compared to $489mn in 2007, as it recorded other-than-temporary impairment charges of $59.6mn on its investment portfolio for the year.
  • Novae Group is no longer the long-tail, liability-oriented business of the past and from 2011 will finally succeed in shaking its "long-term return on equity problem", CEO Matthew Fosh believes.