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  • Tawa's management is considering separating its run-off and (re)insurance service businesses into two companies to reverse its slumping share price, The Insurance Insider can reveal
  • International specialty insurer Navigators reported a 63 percent slide in net income to $25.6mn for 2011 as investment results dragged down on performance
  • The (re)insurance market cycle is set to turn in 2012, with the momentum on price rises reaching a critical mass during the third quarter of the year, WR Berkley CEO Bill Berkley has said
  • Fairfax Financial managed to book full-year net income of $45.1mn in 2011 despite a $772mn loss in the final quarter and a total annual cat bill of $1.02bn
  • US and European specialty insurance group AmTrust has continued its path of rapid expansion, with top line growth in the fourth quarter up 23.6 percent to $586.6mn.
  • European insurance heavyweight Axa reported booming net income for full year 2011, driven by one-off benefits from its strategy of divesting non-core assets in developed markets.
  • A "perfect storm" of extraordinary catastrophe losses and collapsing investment returns caused Middle Eastern reinsurer Arab Insurance Group (Arig) to suffer a full-year loss of $21.3mn last year after recording a $23.5mn in 2010
  • The share price of Willis Group fell by 10.7 percent in trading yesterday (15 February) following the release of its Q4 2011 results, wiping $720mn from the broker's market cap
  • The chief financial officer (CFO) of Torus, Ian Campbell, has left and will be replaced by Aviva's deputy CFO Tim Harris, the company has announced
  • The Financial Services Authority (FSA) has announced that board member and managing director Margaret Cole will be leaving ahead of the UK regulator's planned split in 2013