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  • Tokio Marine Holdings has booked a 60 percent increase in second quarter profit to Yen56.41bn, as it plans to expand overseas and enjoys signs of recovery in the Japanese economy.
  • Hannover Re has more than doubled its estimated hit from the Deepwater Horizon oil rig disaster, increasing its loss reserves to EUR89mn in the second quarter from an earlier EUR40mn prediction.
  • Omega Insurance Holdings has issued a profits warning to investors as it anticipates losses of $35mn for the first six months of the year.
  • "Transformation is an expensive business" a senior broking executive once explained to The Insurance Insider after we revealed his firm had received a cash injection from its parent after a reorganisation had gone over budget.
  • Lloyd's insurers have adopted wildly different strategies in their reliance on reinsurance, with some carriers ceding proportionately more than twice as much as their Lime Street rivals, research by The Insurance Insider reveals.
  • RSA's attempt to swallow up large swathes of Aviva's non-life business in a transformational multi-billion pound deal looks like a long shot, according to analysts.
  • The long-drawn out sale process for Ri3K is close to resolution, with two final bidders valuing the London market electronic trading business at around £10mn.
  • Lloyd's is likely to keep its capital ratios the same for 2011, despite the enervating effects of this year's cat losses and the prospect of Solvency II.
  • RSA has stood by its initial £5bn all-cash offer for Aviva's UK, Irish and Canadian general insurance businesses, saying that it represents "fair value".
  • Omega Insurance Holdings has issued a profits warning to investors as it anticipates losses of $35mn for the first six months of the year.