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  • Platinum Underwriters has laid down a marker to its Bermudian peers and reaffirmed its commitment to cycle management by shrinking its premium base and growing its share repurchase programme in response to unappealing market conditions
  • Beazley Group threw the gauntlet down to its fellow Lloyd's specialty (re)insurers by posting a lowly 89 percent combined for the first six months of the year, despite heavy cat losses and weak investment markets.
  • There was much in common between US property and casualty giants Travelers Companies and Chubb Corp, as they unveiled second-quarter figures blighted by a heavy catastrophe burden but offset by higher-than-expected releases from prior-year loss reserves.
  • Tropical storm Bonnie - the second named storm of the season - proved to be a fizzler in the week that Weather Services International (WSI) downgraded its forecasts for the 2010 hurricane season.
  • "There isn't enough money in the world to clean up the Gulf of Mexico," said influential oil and gas analyst Matthew Simmons in June - which now looks to have more foresight and less hyperbole than originally intended.
  • Underwriters looking to top up protection for marine and energy portfolios in the wake of Deepwater Horizon are struggling to find affordable cover at the lower end of the industry loss warranties (ILW) market.
  • Brit Insurance and Apollo Management were embroiled in a messy insurance dispute shortly before the New York buy-out firm made an unwelcome bid for the UK insurer, it has emerged.
  • With a deluge of Bermudian (re)insurers unveiling second-quarter numbers over the next three days, industry analysts will be watching closely for signs that the resolve shown by Platinum Underwriters is being matched by its peers.
  • Australian (re)insurer QBE has warned that its first half profits are likely to be 40 percent down on 2009, as it wrestles with net realised and unrealised equity losses of US$228mn.
  • London-listed Jardine Lloyd Thompson (JLT) has added three new independent European brokers to its network, including the acquisition of a 20 percent stake in Austrian broker Greco.