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  • Flagstone Re suffered a year of heavy underwriting losses in 2010, driven by a high catastrophe toll, with the firm's annual operating income dropping 77.6 percent year-on-year to $43.6mn
  • Marsh & McLennan Companies' (MMC) insurance broking subsidiary has put its "big three" rivals in the shade by announcing 6 percent organic revenue growth in the fourth quarter
  • Business development director Geoff Kinsella has left global specialty broker Cooper Gay Swett & Crawford, The Insurance Insider can reveal
  • 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.  
  • 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.
  • 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