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  • London-listed (re)insurer Novae said it put in a good underwriting performance in the third quarter thanks to modest catastrophe-related losses, but predicted continued competitive pressure on prices next year.
  • German insurer Allianz on Friday (8 November) reported better-than-expected third quarter profits as a strong performance from its flagship P&C insurance arm largely offset a downturn at its asset management division.
  • Run-off specialist Enstar reported lower earnings in the third quarter in a set of financials that began to reflect its new business profile.
  • US specialty insurer Navigators Group became the latest carrier to strongly outperform Wall Street expectations as it reported operating profits of $23.1mn, compared to $9.8mn in the prior-year period.
  • The Spanish surety claims that have hit HCC and Scor following a decision from the Spanish Supreme Court could cost the insurance industry up to EUR1.5bn ($2.01bn), according to a note from JP Morgan.
  • Catastrophe modelling firm AIR Worldwide has estimated that insured losses from the European storms last month could range between EUR1.5bn and EUR2.3bn ($2bn-$3bn).
  • London-listed carrier Lancashire has completed its £266mn acquisition of Lloyd's business Cathedral, it said in a stock exchange announcement
  • A stronger performance from Generali's non-life division helped drive a 6 percent increase in the Italian composite insurer's nine-month profit, it said today (7 November)
  • Bermuda-headquartered Argo Group has announced a new $150mn buyback programme of common stock
  • UK composite insurer Aviva said it expected to take a hit of just £10mn ($16mn) from the St. Jude's Day storm as it reported a stable combined ratio over the first nine months of the year.