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  • Paris-headquartered reinsurer Scor today (30 April) said its 1 April renewal premiums rose 8.5 percent, underpinning its overall profitability.
  • HCC Insurance Holdings generated what it said were record first quarter net profits of $107.9mn, that were just ahead of the $105.9mn it earned in the prior-year period.
  • RenaissanceRe's first quarter operating profit of $136.1mn slid 23 percent from the same period last year as reserve releases came in lower than last year.
  • A solid performance from its Lloyd's platform Chaucer helped offset falling profits in The Hanover Insurance Group's commercial and personal lines businesses that were struck by US winter weather losses in the first quarter.
  • Axis Capital reported first quarter operating profits down 40 percent as its bottom line was impacted by lower investment income from alternative investments and higher property losses in its insurance business.
  • Willis Group reported solid organic growth of commissions and fees of 4.2 percent for the second quarter as it launched a new multi-year cost-cutting programme expected to deliver $420mn of cumulative savings through 2017 and a further $300mn a year after that.
  • Ace Limited booked strong top line growth as it generated first quarter operating income of $777mn, or $2.27 a share that was up from $746mn, or $2.17 a share in the prior-year period and ahead of analysts' consensus forecasts of $2.15 a share.
  • Bermudian (re)insurers would be facing stiff competition even without the current glut of third party capital pouring into the sector, according to a report published today (29 April) by ratings agency Standard & Poor's (S&P).
  • Aspen, the Bermudian (re)insurer that earlier this month rebuffed a $47.50 a share takeover offer from rival Endurance, could receive a competing bid worth around $50 a share from a privately held Bermudian attracted by its Lloyd's and US platforms, according to investment bank Macquarie.
  • The Lloyd's market has agreed a new three-year contract with the outsourcing firm Xchanging to provide technical and processing services to underwriters at a time of significant flux within the claims processing back office of the 326 year-old market.