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  • Global insurer Axa reported a 24 percent year-on-year drop in net income to EUR2.7bn for 2010, due to a one-off EUR1.6bn loss on the sale of its UK life business.
  • Prem Watsa's Fairfax Financial Holdings slumped to a $363mn fourth quarter deficit after posting a $684mn investment loss.
  • Boston-based Liberty Mutual slid into an underwriting loss for full-year 2010 after taking a $1.1bn catastrophe hit, up 54.1 percent from the $717mn suffered in 2009.
  • Bermudian (re)insurance group Arch saw its 2010 profits fall by only 4 percent, in contrast to many of its rivals.
  • US and European specialty insurance group AmTrust reported a 38 percent rise in net income to $142.5mn for 2010, with acquisitions boosting net earned premiums by 30 percent to $745.7mn.
  • Argo Group posted a full-year combined ratio of 103.2 percent after the underwriting result at its international specialty arm deteriorated by 20 percentage points.
  • 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.
  • Full-year 2010 net income at Allied World rose by 10 percent to $665mn as strong reserve releases and higher realised investment gains offset a heavier claims profile.
  • Bermudian-domiciled cat specialist Lancashire's full year pre-tax profits dipped by 15 percent to $339mn as international cat losses took their toll.
  • Swiss Re reported a fourth quarter loss of $725mn for 2010 but remained bullish on its capital position for the coming year.