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  • Expansive Bermudian run-off manager Enstar Group saw net earnings for the first six months of the year climb to $28.4mn, compared to $20.3mn in H1 2009.
  • Towers Watson - the new entity from the merger of actuarial and risk consulting and management firms Towers Perrin and Watson Wyatt - has posted a $58mn fourth-quarter profit.
  • Run-off investor and service provider Tawa has bought Island Capital, the Bermudian trade credit and political risk insurer in run-off, for a consideration "unlikely to exceed" $15mn.
  • Lloyd's motor underwriter Equity Redstar's losses on the 2008 and 2009 years of account could mount as high as £330mn.
  • Global broker Aon has disclosed details of the $2.5bn lending arrangement that will finance the cash portion of its $5bn cash and stock bid for consulting giant Hewitt.
  • Australian (re)insurer QBE's net profit fell by 39 percent during the first half of 2010 to $440mn, as the company suffered from difficult conditions in the equity and fixed interest markets.
  • Shares in insurance services group Charles Taylor Consulting (CTC) plunged yesterday (18 August) after interim results disappointed investors.
  • Alterra-managed Syndicate 2526 is planning to expand its capacity by almost 60 percent for 2011, The Insurance Insider can reveal.
  • Fitch Ratings says that all the European insurers it rates could withstand the shock of Greece defaulting on government debt after it carried out a "stress test" based on this scenario.
  • Four of the Lloyd's insurers that have reported first-half results so far registered significant improvements in attritional loss ratios, according to Oriel Securities' research.