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  • In the current underwriting environment it is "more or less impossible to increase prices," according to Lloyd's franchise performance director Rolf Tolle, as stifled economic growth combines with less demand for (re)insurance products.
  • Bermudian reinsurer Harbor Point Re Ltd has lured international treaty underwriter Andrew Barnard over from the reinsurance arm of compatriot White Mountains, The Insurance Insider understands.
  • Aon shares fell more than 6 percent on Friday (30 October) as investors were again reminded of the effects the economic downturn and soft insurance pricing is having on the global broking sector.
  • Shares in Omega Insurance Holdings dropped nearly 10 percent on Thursday (29 October) morning following the sudden departure of John Robinson...
  • As the insurance and reinsurance industry set up camp on both sides of the Atlantic last week to draw battle lines ahead of the 1/1 renewals, a central talking point at both events was the elusive hard market.
  • Private equity-backed insurer Torus is experiencing rapid growth in its casualty profile and is expected to post a modest pre-tax profit for 2009.
  • Pan-European insurance supervision body the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has announced it is to run a series of EU insurance sector stress tests in December 2009.
  • Bank of America is placing its loss-making Lloyd's syndicate in run-off for the 2010 year after just three years of underwriting, The Insurance Insider can reveal.
  • There were few surprises from Aon's third quarter results, as Chicago's tight grip on margins and restructuring savings enabled the firm to weather the recessionary headwinds.
  • Improved underwriting profit drove a 20 percent increase in third quarter net earnings to $562.4mn for Canadian investment conglomerate Fairfax Financial Holdings, compared to $467.6mn during the same period in 2008.