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  • Aon Benfield has turned down the opportunity to take part in a new revolving co-broker arrangement for Florida's state-sponsored insurer Citizens Property Insurance Corporation, saying it would jeopardise its "proprietary and confidential solutions"
  • Specialty managing general agent CFC Underwriting has increased its operating profit by 26 percent to £3mn for the full year to 30 September 2010
  • Specialty insurer Navigators reported a $4.9mn underwriting loss for 2010, reversing the $19.5mn underwriting profit made in 2009, on a 3 percent drop in net earned premiums to $659.9mn
  • 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
  • Full-year 2010 net income at Allied World rose by 10 percent to $665mn as strong reserve releases combined with higher realised investment gains to offset a heavier claims profile
  • UK Treasury proposals to give the incoming financial regulatory bodies greater freedom to act in public have drawn immediate criticism from London lawyers.   
  • Achilles, the acquisition vehicle for Apollo and CVC's takeover 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
  • Swiss Re has more in its kitty for the kind of dividend payments it announced with its 2010 results today (17 February), but urged patience on further capital returns as it looks for growth opportunities
  • 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
  • The board of Bermudian reinsurer Platinum Underwriters has announced an increase in the limit of its share buybacks programme to $250mn from the $110mn remaining on its existing authorisation