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  • Hardy Underwriting's share price closed down 7 percent, or 13.5p per share, on the London Stock Exchange on 1 March as investors absorbed the sheer scale of the Lloyd's (re)insurer's annus horribilis in 2011.
  • Jardine Lloyd Thompson (JLT) has reported strong 2011 results, including 7 percent organic growth after an impressive second half of the year.
  • Troubled French mutual Groupama could be hit by another downgrade from Standard & Poor's to BB+, after its CEO warned of the group's net loss for 2011
  • Despite a strategic decision to expand into reinsurance and shorter-tail lines in 2010-11, Lloyd's (re)insurer Novae Group managed to post a steady combined ratio of 101.5 percent and a modest pre-tax loss of £6mn, surpassing analysts' expectations.
  • The folly of Hardy Underwriting's decision to reject a 350p per share offer by its larger Lloyd's rival Beazley on the eve of 2011 was laid bare as the firm posted a set of year-end results devastated by catastrophes
  • The retrial of former General Re CEO Ronald Ferguson, three of his ex-colleagues and one-time AIG executive Christian Milton has been set for 22 January 2013.
  • Goldman Sachs is poised to acquire the Bermuda-based (re)insurance operations of Ariel Holdings through its insurance subsidiary Arrow, The Insurance Insider can reveal.
  • US and international specialty insurer Navigators has announced the creation of a new wholesale business unit to tap into the firming excess and surplus lines (E&S) market.
  • Citadel Risk has been appointed to act on behalf of insolvent insurer Legion Insurance during its liquidation.
  • The significant underperformance of Willis in its fourth quarter results and the revelation that its long-serving leader Joe Plumeri is to stand down in 2013 has prompted analysts and broking executives to start talking about a potential sale of the broker.