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  • Eamon Brown, a key member of the Lloyd's Franchise performance team that oversaw Lloyd's underwriting standards, is to leave the Society at year-end.
  • AIG reported a moderate $455mn third quarter net profit - compared to the giant $24.5bn net loss of the same period last year - as net realised capital losses stabilised.
  • Hannover Re has upped its top and bottom line targets for the full year after a strong quarter driven by the benign claims environment, resurgent investment income and continued growth in its life and health business.
  • A bumper $302.9mn gain booked on acquiring IPC Holdings helped push Validus Holdings to a $499.2mn net profit for the third quarter, compared to a $126.3mn net loss in the prior-year period.
  • After bumper Q3 results, Bermuda-headquartered Lancashire is to give back capital to shareholders through a $263mn special dividend and an additional $150mn share buyback facility.
  • Munich Re is on course for a full-year profit of EUR2.2-2.5bn after a significant improvement in its investment result pushed third quarter consolidated profit to EUR651mn, compared to just EUR2mn in the prior-year period.
  • MMC, the holding company for the resurgent Marsh and Guy Carpenter global (re)insurance broking operations, has reported Q3 consolidated revenue of $2.5bn – down 11 percent from the third quarter of 2008.
  • WR Berkley has named William Berkley Junior (Robert) as president and COO of the US insurer, paving the way for an eventual move into his father’s chief executive role.
  • Following the Scottish Lion scheme dismissal the first signs of activity have emerged in that sector of the legacy market...
  • Morgan Stanley and UBS are joint advisors for the Royal Bank of Scotland (RBS)'s restructuring plan, which includes the shedding of its European P&C insurance operations, RBS Insurance (RBSI).