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  • London-listed (re)insurer Lancashire on Wednesday (6 November) said its third quarter profit dropped by two-thirds, falling short of most analysts' forecasts, due to combination of higher claims and weaker investment income.
  • French reinsurer Scor on Wednesday (6 November) reported a flat third quarter profit, better than the slight decline expected by analysts, as higher investment income offset an increase in costs.
  • Meadowbrook Insurance Group returned to profitability in the third quarter but marginally missed the Wall Street consensus as unfavourable reserve development remained a headwind
  • More evidence of a modest moderation of US P&C insurance price rises has been provided by the latest MarketScout commercial lines market barometer, with the average rate increase in October falling to 4 percent.
  • There was strong top and bottom line growth at RenaissanceRe as the Bermudian generated operating profits of $151.3mn, or $3.36 per share, up from $104.4mn, or $2.07 a share, in the prior-year period.
  • The bunching together of Hurricane Irene and Superstorm Sandy does not indicate a change in the risk of the northeast US being hit by a windstorm, according to Validus Research.
  • Shares in AmTrust Financial Services climbed more than 7 percent in early trading after its third quarter numbers beat the Wall Street consensus and as it continued to report rapid acquisition-led top-line growth
  • New York-listed (re)insurer Endurance has said that the premium from its recent hiring spree will start to become visible in its next quarterly results.
  • Global broker Cooper Gay Swett & Crawford (CGSC) has said its business is continuing to develop and grow robustly despite the "disappointing" decision from Moody's to downgrade its debt from B2 to B3
  • Shares in RSA, the UK's biggest commercial insurer, fell 6 percent in early trading today (5 November) after the company warned its 2013 profit would be lower than expected because of a spike in weather-related claims.