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  • Global law firm Mayer Brown has lost a high-profile insurance and reinsurance partner from its London office to rival Locke Lord, continuing a string of departures from its City arm this year
  • David Reed, the former managing director of Omega's managing agent, will become CEO of Scor's Lloyd's corporate member at the start of 2013, The Insurance Insider can reveal
  • Cayman Islands-domiciled carrier Greenlight Re reported $46.1mn net income for the third quarter, as strong investment returns more than cancelled out a large underwriting loss
  • London-listed Randall & Quilter (R&Q) has continued its drive into the end-of-life captive arena with its fourth acquisition of 2012
  • With operating profits of $79.2mn, or $2.16 a share, Allied World Assurance Company smashed Wall Street forecasts of $1.15 a share on lower cats and better-than-expected underlying results.
  • US giant Allstate became the latest P&C insurer to outperform Wall Street expectations as its CEO Tom Wilson pronounced that the impact of Superstorm Sandy "will not be meaningful in terms of our stability".
  • A trio of Bermudians all generated third quarter operating profits that beat Wall Street forecasts, but met with a mixed response from analysts.
  • PartnerRe booked third quarter operating profits of $244.4mn or $3.90 a share that were comfortably ahead of the $164.5mn, or $2.41 a share, booked in the prior-year period
  • Industry loss warranty (ILW) limits of between $50mn and $100mn could be on the line for north-eastern US contract placed at a $10bn industry loss trigger, sister publication Trading Risk has reported
  • A strong performance by The Hanover Group's Lloyd's arm Chaucer enabled the US specialty insurer to outperform Wall Street's expectations.