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  • Allied World chose not to issue a direct response to the latest assault from Validus in the battle for Transatlantic as it booked solid net profits of $93.8mn for the second quarter that helped keep it in the black for the first half of the year.
  • Axis Capital booked profits that halved for the second quarter from $205mn in the prior-year period to $101mn as its bottom line was dented by Q2 catastrophe losses and deterioration on Q1 loss events.
  • Hardy has become the latest Lloyd's (re)insurer to come under fire from analysts after Numis Securities cut its rating and target price on the firm, citing concerns over its capital adequacy after a recent hike to Q1 cat losses.
  • Marsh and Guy Carpenter each posted 5 percent organic growth in the second quarter as the broking operations of Marsh & McLennan (MMC) outperformed rival Aon.
  • Amlin's profit warning yesterday (2 August) should mark the end of its reign as the "premium stock in Lloyd's", according to Espirito Santo analyst Joy Ferneyhough
  • International specialty insurer HCC Insurance Holdings rode catastrophe losses in the first half of the year to produce solid Q2 and H1 net profits.
  • XL Group bucked the trend as it posted second quarter net profits up 18 percent to $225.7mn compared to Q2 2010, and continued to make significant share buybacks in the period.
  • John Berger is leaving as CEO of Alterra's reinsurance business to pursue a new opportunity, the Bermudian (re)insurer has revealed.
  • Lloyd's of London faces exposure to losses on a $15mn+ Cathedral-led contingency policy after the Kings of Leon announced that they were cancelling 29 dates of their US tour, The Insurance Insider can reveal.
  • Amlin's share price dived by more 16 percent after it released a profits warning provoked by the increase in Suncorp's New Zealand II claim and the continued underperformance of ACI