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  • UK composite insurer Aviva reported a better-than-expected 5 percent rise in half-year profit thanks to cost cuts and a strength in life insurance and fund management, sending its shares sharply higher.
  • Swiss Re, the world's No. 2 reinsurer, reported sharply higher second quarter profit as a recovery at its Admin Re closed life fund consolidation unit outweighed a catastrophe-induced downturn at its core P&C reinsurance arm.
  • Fairfax Financial Holdings Limited has increased its offer for American Safety Insurance (ASI) to $30.25 per share as it attempts to ward off interest from rival bidder Catalina.
  • Maiden Holdings second quarter results revealed a 7 percent hit to book value in 2013 year-to-date, as well as the loss of its second largest cedant.
  • Markel Corp profits dived in the second quarter as the US specialty (re)insurer took significant charges in relation to its Alterra acquisition primarily as a result of severance costs.
  • Liberty Mutual reported solid top-line growth and net profits that were up strongly in the second quarter on the prior-year period.
  • Insured losses from recent thunderstorms in Toronto could reach C$750mn ($730mn) as economic losses from the event are expected to reach C$1.5bn ($1.45bn), according to Aon Benfield's modelling centre Impact Forecasting.
  • London-listed (re)insurer Lancashire still aims to return capital to shareholders this year despite ploughing over £130mn of its cash reserves into a landmark deal to buy Lloyd's-based specialty (re)insurer Cathedral.
  • Marsh & McLennan Companies (MMC) booked a Q2 earnings beat as its broking operations reported organic growth of 3 percent, including a 5 percent uplift on an underlying basis at reinsurance broker Guy Carpenter
  • Aquiline Holdings, the majority owner of Ark Syndicate Management, has reached a provisional agreement to sell the Lloyd's managing agency to Ian Beaton and other senior executives, The Insurance Insider can reveal