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  • Newly formed Alterra Capital - the merged Max Capital/Harbor Point - posted net income of $103.4mn for the second quarter of 2010.
  • With commentators watching last week's earnings releases closely for deterioration in H1 catastrophe losses, XL Group took a small step the other way by further scaling back its relatively modest Deepwater loss estimate.
  • PartnerRe came in below analysts' consensus estimates as it booked operating profits of $151.5mn for the second quarter, down from $179.3mn in the prior-year period.
  • Bermudian (re)insurer Validus regained traction in the second quarter, returning a positive result after taking a heavy $306mn hit in Q1 on the Chilean earthquake and other cat losses.
  • Despite dismal underwriting prospects, only three Lloyd's syndicates with third-party capital have so far proposed an actual cut in 2011 capacity
  • Allied World Assurance Company Holdings has bought $250mn worth of shares back from founding investor Goldman Sachs, after posting first-half net income growth of 30 percent last week.
  • There have been a flurry of departures in the past year as a generation of (re)insurance executives responsible for building significant Bermudian carriers walk off into the sunset.
  • The meteorologists who have predicted an above-average 2010 storm season are rapidly revising their forecasts after another subdued start.
  • Competitive conditions continue to prevail in the US P&C market, with the composite rate measuring down 3 percent year-on-year in July, according to information provider MarketScout.
  • Net earnings at HCC Insurance Holdings fell back by 11 percent to $155mn in the first half of the year, as the effects of higher claims were compounded by growing operating expenses.