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  • 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.
  • Allstate bucked the general P&C earnings trend with a 48.5 percent uptick in Q2 operating earnings to $441mn, although net profits fell on realised capital losses.
  • 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.
  • The Hartford Financial Group turned a prior-year $15mn net loss into net income of $76mn during Q2, but higher-than-expected catastrophe losses and an $110mn asbestos charge contributed to a slump in underlying profits.
  • Lancashire Group delighted analysts with net profit of $93mn and a 77.4 percent combined ratio for the first half of 2010, defying the string of unprecedented losses that produced yawning combined ratios for many of its peers.
  • In spite of the natural and man-made catastrophes that punctuated the first half of 2010, Swiss Re booked net income of $812mn in the second quarter.
  • Axis Capital reported a $24mn deterioration in its Chile loss estimate as it booked second quarter operating profits of $180mn - a shade below the $183mn it recorded in the prior-year period.
  • Newly formed Alterra Capital - the merged Max Capital/Harbor Point - posted net income of $103.4mn for the second quarter of 2010.
  • Buffy mulls the motor equivalent of buying BP shares
  • Benmosche asserts; Markel acquisition; Catlin recruits; Deepwater: $4-6bn; Winds whimper; Brazil boom?