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  • Bermudian carrier Endurance's 2010 net income slid by 32 percent to $365mn as a heavier loss burden in its reinsurance segment and a steep fall in investment returns weighed on results
  • Arch has held its profit decline to 4 percent in 2010, compared with a significant slump in full-year profit among its rivals that have been hit by higher cat loading and lower investment income.
  • Results published by privately owned Hyperion Insurance Group show the firm has expanded its revenues by 26 percent to £72.2mn for the year ending 30 September 2010
  • Ryan Specialty Group and acquisitive Lloyd's (re)insurer Canopius are among the companies involved in an auction process that will decide the future ownership of independent Lloyd's insurer Jubilee Group, The Insurance Insider can reveal.  
  • Bird flies from Groupama; Everest Re plots Canada expansion; Russell launches ALPS Aerospace; GCube appoints John McLane as president; Jubilee hires new life underwriter; Argo International strengthens casualty team; Whittington appoints new director; Piracy claims outpacing premiums; Ace appoints Chessman as claims exec
  • German legacy buyer Darag has kept up its initial M&A pace into early 2011 by taking over the non-life portfolio of Belgium-based Quantum Insurance.
  • Novae Group's share price closed last week up almost 7 percent after the Lloyd's insurer confirmed plans to finally exorcise its past US casualty reinsurance liabilities and revealed that 2010 profits will be more than 10 percent above analysts' consensus forecast.
  • Mid-tier transatlantic law firm Edwards Angell Palmer & Dodge's corporate insurance team has walked to City rival Holman Fenwick Willan (HFW) with an eye on building its international and M&A capability.
  • Former Omega Insurance CEO Richard Tolliday has filed a suit with the UK High Court to have his compensation case against his former employer heard in Bermuda, The Insurance Insider understands.
  • The UK insurance industry must increase its lobbying efforts in the European Union as domestic influence becomes less relevant, according to the head of the UK's Financial Services Authority (FSA) Hector Sants.