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  • Bermudian Alterra Capital extended its share repurchase plan by $100mn after an active first half of the year for buybacks and solid second quarter profits.
  • XL Group beat Wall Street forecasts despite second quarter operating profits that fell from $243.1mn in the prior-year period to $221.9mn.
  • Brit's lead underwriter for specialist liability John Murphy is leaving the Lloyd's (re)insurer to join managing general agent Dual along with his underwriting team, The Insurance Insider can reveal.
  • The (re)insurance broking arm of Marsh and McLennan Companies (MMC) continued to outpace its peers in the second quarter as it powered to organic growth of 6 percent
  • Bermudian cat specialist Flagstone Re ran up a combined ratio of 94 percent in the second quarter of the year despite the absence of significant cat events and has remained silent on the M&A process that was run earlier this year.
  • The US Treasury department expects to receive another $750mn from the latest sale of its holding in American International Group (AIG) stock, taking its total proceeds from the current sell-down to $5.75bn
  • Expansive international specialty (re)insurer Argo Group returned to a modest profit in Q2 as three out of four of its business units achieved combined ratios below 100 percent, but its commercial specialty division continued to drag on results.
  • Munich Re elected to write 18.5 percent more P&C business at 1 July after profitability recovered strongly during the first half of 2012 from the cat-hit beginning of last year
  • Alleghany Corporation attributed a solid second quarter to the creation of a "more diversified risk portfolio" following its merger with reinsurer Transatlantic, which closed earlier this year.
  • US commercial P&C insurance rate rises appeared to continue to plateau in the aggregate in July with prices on average up 4 percent, according to the latest data from MarketScout.