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  • Lloyd's has put a "red alert" on six of the managing agents that underwrite in the market because of major concerns about their ability to implement Solvency II.
  • Amlin posted credible H1 pre-tax profits of £108mn despite stinging catastrophe losses of $190mn, as its underwriters held the company's combined ratio to an impressive 88 percent.
  • Lloyd's and Bermuda specialty (re)insurer Hiscox posted a 31 percent fall in first-half profits to £97.2mn, as it was squeezed by a high-level of catastrophes, low investment returns, unfavourable foreign exchange effects and the global soft market
  • The spate of recent high profile collapses of UK holiday firms looks set to cause significant insured losses for AmTrust's UK insurance arm, The Insurance Insider can reveal.
  • Lord Levene of Portsoken's new banking venture, NBNK Investments, will compensate Lloyd's in full for any work time that he diverts from the Corporation to his new duties, The Insurance Insider has learnt
  • 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.