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  • PartnerRe has reported a slump in Q4 net profits as investment writedowns combined with catastrophe losses to hit its bottom line
  • Lloyd's insurer Beazley reported a 59 percent year-on-year rise in pre-tax profit to $250.8mn for 2010, boosted by a large contribution from reserve releases and a $33.7mn one-off foreign exchange gain
  • Insurance services and run-off capital provider Tawa plc is upping its investment in the US as it looks to build out its platform through acquisitions, The Insurance Insider can reveal.
  • Guernsey based private equity firm Terra Firma is in talks to acquire Lloyd's (re)insurer Chaucer plc, The Insurance Insider can reveal.
  • Chaucer has confirmed that it has received a number of takeover approaches after its share price surged today (7 February) and a news alert from The Insurance Insider detailed renewed bid speculation around the firm.
  • Novae Group, the Lloyd's insurer nearly brought to its knees 10 years ago by a torrent of US casualty reinsurance exposures, looks set to announce that it has finally dealt with its legacy past.
  • Insurance services and run-off capital provider Tawa plc is upping its investment in the US as it looks to build out its platform through acquisitions, The Insurance Insider can reveal.
  • LMA cool on Suez threat; Marsh unveils Maplecroft link-up; EU announces Eiopa chairperson; GCube $500mn solar expansion driven by demand; Litmus Analysis hires S&P veteran; Oxford hires PI duo after cash injection; AM Best gives Arch ratings boost; RFIB targets growth in Russian retail sector; PWC appoints insurance chief
  • The Bermuda Monetary Authority (BMA) has outlined a roadmap for creating a regulatory framework that is recognised as equivalent to the European Solvency II (SII) regulations.
  • Solvency II implementation spending by UK regulator the Financial Services Authority (FSA) will amount to £46.4mn in the financial year starting 1 April 2011.