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  • Specialty insurer Navigators reported a $4.9mn underwriting loss for 2010, reversing the $19.5mn underwriting profit made in 2009, following a 3 percent drop in net earned premiums to $659.9mn.
  • Swiss Re reported a fourth quarter loss of $725mn for 2010 but remained bullish on its capital position for the coming year.
  • Achilles, the acquisition vehicle for Apollo and CVC's £880mn ($1.4bn) buy-out of Brit Insurance, has made its offer of up to 1,100p per Brit share unconditional after it lowered its acceptance threshold to 80 percent.
  • Four weeks into the fourth-quarter reporting season and - as well as better-than-expected operating profits for the majority of global P&C (re)insurance players - there is evidence of a more bullish line for calling a turn in the market as early as next year.
  • Chaucer plc's share price has deflated by 10 percent since it emerged that Terra Firma had approached the Lloyd's insurer, amid growing scepticism over Lime Street ever seeing a bidding war.
  • Equity Syndicate 218's losses from its misfiring motor book are likely to reach £480mn, figures released by Equity Syndicate Management Limited suggest.
  • Omega's takeover talks with Canopius have stalled as shareholders wait on the former's full-year results, due on 8 March, The Insurance Insider understands.
  • The protection and indemnity (P&I) clubs have completed their 2011 renewals, with strengthened balance sheets again allowing the mutuals to ease pressure on struggling shipowners.
  • The vast cost to the (re)insurance industry of legal disputes is under challenge from a London-based launch that is promoting mediation as an alternative to the traditional route of lawyers and acrimonious litigation.
  • Positive reserve releases have been a strong feature of recent years, but potential volatility around claims from long-tail books of business remains a threat to the US P&C industry amid a 2009 upswing in asbestos and environmental (A&E) incurred losses.