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  • The Hanover Insurance Group reported an earnings beat as the company highlighted accelerated price increases across its commercial and personal lines insurance segments.
  • Aspen Insurance Holdings reported third quarter operating profits per share of $1.05 that were down on the $1.34 a share generated in Q3 2012 but well ahead Wall Street analysts' consensus of 85 cents a share.
  • XL slashed its reinsurance top line in the third quarter and reported lower group operating profits year-on-year as a larger release from reserves was not enough to offset higher cat and non-cat losses in its P&C business.
  • Axis Capital reported steady top-line growth for the third quarter and operating profits that were ahead of Wall Street expectations as higher reserve releases more than offset cat losses in the period.
  • Management at HCC Insurance Holdings have hinted reinsurers may be on the hook for a significant hit from Spanish surety bond losses though emphasised the US insurer's own exposure is still pending litigation.
  • Liberty Mutual reported accelerating rate rises on its personal lines book but a loss of momentum in commercial lines and global specialty as it unveiled third quarter operating profits of $534mn, a 13.9 percent increase on the prior-year period.
  • The latest Council of Insurance Agents and Brokers (CIAB) commercial lines survey has provided further evidence that pricing momentum is on the wane, despite rate increases extending into the third quarter.
  • It is understood that Aspen Re will shortly announce its first sidecar, Silverton Re, which is expected to launch with circa $65mn of capital, sister publication Trading Risk revealed earlier today (30 October).
  • Mapfre, Spain's biggest (re)insurer, has reported a 4.3 percent increase in its net profit for the first nine months of 2013, helped by strong growth from its overseas and reinsurance divisions, as well as cost-cutting and lower claims at home.
  • Standard & Poor's (S&P) has put the ratings of Munich Re's $150mn Queen Street III cat bond under review for a potential downgrade after the political deadlock over the US debt ceiling triggered the liquidation of a Treasury bill holding its investors' capital at a loss.