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  • Beazley plc is weathering the pricing pressures seen in many reinsurance classes, and is on course for a "mid-eighties" combined ratio for the full year, the Lloyd's (re)insurer said today (7 November) in a third quarter trading statement.
  • Munich Re said it planned to buy back EUR1bn ($1.3bn) of its shares as it reported a 25 percent drop in its third quarter operating profit, weighed by a higher claims bill at its core reinsurance arm.
  • Swiss Re said its third quarter profit halved, still beating analysts' forecasts, after the company was forced to add to claims reserves at its Australian life business.
  • Markel Corporation turned an underwriting loss in the prior-year period into an underwriting profit and reported "significant progress" in integrating its Alterra acquisition as it booked third quarter operating profits up 59 percent to $122.8mn.
  • Maiden Holdings' third quarter results showed a significant slowing of top line growth as it reported its first quarter after the cancellation of one of its major reinsurance contracts.
  • Brit Insurance CEO Mark Cloutier paid a glowing tribute to the Lloyd's business model and its ability to fight off the current threat from so-called alternative (re)insurers
  • The Rt Hon Alistair Darling MP has warned that the (re)insurance industry could be facing a regulatory "collision" between competing national and multinational approaches.
  • Lloyd's chief financial officer Luke Savage said London was "missing a big opportunity" by not using a technological solution to draw more business directly
  • UK insurers could face a rise in professional indemnity and public liability claims as a legislative crackdown on aggressive "no win no fee" solicitors in the motor insurance market forces them to look for opportunities elsewhere, according to a leading insurance lawyer.
  • Marsh & McLennan Companies (MMC)'s insurance and reinsurance brokerage units booked solid organic growth for the third quarter as the parent company reported operating profits that were in line with Wall Street expectations.