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  • Bermudian (re)insurance group White Mountains saw its Q3 income swing into the black, as the investment markdowns seen during the same quarter of 2008 were dramatically reversed, with loss costs reduced markedly.
  • The departure of Heath Lambert managing director Mike Bruce after 11 years with the company has left both an open position and questions over the future of his significant shareholding in the privately owned UK broker.
  • Lockton International has won a significant treaty reinsurance programme in the form of Hawaii-based specialty property insurer Zephyr Insurance Company, The Insurance Insider understands.
  • Transatlantic Holdings and Aspen Insurance Holdings reported record third quarter profits, with Everest Re also booking a dramatic swing in fortunes...
  • Pricing prospects for North American casualty lines at the key 1.1.2010 renewal leave much to be desired, as low interest rates and poor investment returns paint a gloomy picture for profitability in long tail lines, says Hannover Re.
  • Hiscox strengthens claims team with new roles; Marsh adds JLT’s Curtis as COO; THB appoints new board director...
  • After the damage inflicted on shareholders' funds by the financial crisis, European insurers now face the joint challenge of rebuilding balance sheets and gearing up for the new regulatory framework under Solvency II.
  • Another key hearing is looming in the fast-paced Scottish Lion case. Just weeks after it was confirmed that an appeal will be lodged, a four-day hearing has been set from 1-4 December, The Insurance Insider understands.
  • Catastrophe reinsurance-focused underwriter RenaissanceRe generated a combined ratio of just 43.3 percent in the third quarter, as it benefitted from the unseasonably benign loss climate.
  • 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.