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  • Global broker earnings releases in H1 brought the divide in growth potential between the mature economies and the developing markets into sharp focus.
  • Australian (re)insurer QBE has reshuffled its senior management, inviting speculation as to who will emerge as the frontrunner to succeed long-standing CEO Frank Halloran, 63, when he retires.
  • French insurance giant Axa saw net income for the first half of 2010 drop 28 percent to EUR944mn, after sustaining a EUR1.48bn loss related to the sale of part of its UK life operations earlier in the year.
  • German insurance leviathan Allianz Group reported a 22.7 percent rise in operating profit to EUR2.2bn for the second quarter. 
  • The heavy burden of first half catastrophes showed through in the financials of reinsurance giants Swiss Re and Munich Re last week, as claims pushed combined ratios north of 100 percent.
  • Lancashire Group delighted analysts with net profit of $93mn and a 77.4 percent combined ratio for the first half of 2010 (51.5 percent for 2Q), which defied the string of losses seen this year.
  • Bermuda-domiciled Hardy Underwriting defied market fears of a loss to eke out a £0.8mn pre-tax profit in H1, despite bruising catastrophe losses in Chile and Australia.
  • Listed Lloyd's insurer Novae Group continued to rebuild profits in the first half of 2010 after a difficult 2009, despite the high catastrophe toll of the past six months.
  • Catlin Group's first half profits fell by $154mn year-on-year to $86mn after being hit with $180mn in combined estimated losses from the Chilean earthquake and Deepwater Horizon catastrophes.
  • UK insurer RSA disclosed a £1.2bn gross loss on the Chilean earthquake disaster as part of its first-half results released last week.