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  • RLI Corp reported fourth quarter operating profits up 64 percent to $31.5mn as its underwriting performance benefited from the benign environment for cat losses and prior-year reserve releases.
  • London market broker Glencairn dragged the 2007 earnings of parent US broker Hilb Rogal & Hobbs' (HRH) down by $0.11 per share, it was revealed last week.
  • Stockbroker Equity Development are upbeat about Randall & Quilter Investment Holdings (R&Q)'s prospects following its recent initial public offering and approval to establish a Bermudian reinsurer, R&Q Re (Bermuda) Ltd.
  • Moody's Investors Service has fired a warning shot to Japanese policymakers by downgrading the outlook of the nation's credit rating to negative from stable, but its insurers have so far avoided a similar fate
  • The flagship Syndicate 386 for QBE's Lloyd's managing agent QBE Underwriting Ltd has released slightly increased profit forecasts for both the 2010 and 2011 underwriting years, despite being dampened by lower investment returns.
  • Aon has swooped for key members of Willis’ well-regarded construction practice, Insider Week can reveal.
  • Shares in XL Capital slumped to below $20 in early July as three of the four major rating agencies warned they may downgrade the Bermudian (re)insurer as a result of exposure to doomed bond insurer Security Capital Assurance (SCA).
  • Cat bond pricing is set to fall in line with traditional rates in 2011, according to Aon Benfield's investment banking arm
  • A turnaround from 2002’s record EUR1.2bn loss to a healthy net profit of EUR1.6bn for 2003 failed to convince the markets as German insurer Allianz admitted it still had some way to go in the struggle to reverse the fortunes of its ailing banking arm Dres
  • Lord Levene used his ‘Chairman’s View’ lecture to the Insurance Institute of London speech at Lloyd’s on 24 November to announce a three-year strategic plan for market reform to be published next January. The chairman also used his lecture to warn the...