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  • BP has been dealt a second blow in as many weeks after a judge ruled that the UK oil giant must indemnify Halliburton for third party compensation claims arising from the Deepwater Horizon oil spill.
  • US-based composite insurer Hartford Financial Services Group saw the return from its property and casualty segment grow by 16 percent to $300mn.
  • Willis Re is losing Colin Kiddie from its London operations to Guy Carpenter only a week after naming the executive as the new head of its specialty business, The Insurance Insider can reveal
  • Allied World grew underwriting income by 36 percent in Q2 2012 as it dodged catastrophe losses for the quarter and benefitted from higher reserve releases, but still fell to a net loss on the back of investment losses
  • Long term London market player, Copenhagen Re (Cop Re), the reinsurance subsidiary of Danish insurance group Alm Brand, has become the first major provider of Lloyd's syndicate reinsurance to succumb to the losses of the 11 September World Trade Centre at
  • Ariel Holdings Ltd’s £193mn swoop for Atrium Underwriting Group last week was a further sign that the stars have aligned for Lloyd’s M&A activity as reinsurers look for growth at a time when rates are falling.
  • Bermudian (re)insurer Arch Capital Group reported a healthy 44 percent rise in its net income of $199.4mn, or $2.65 per share, for the second quarter of this year.
  • AJ Gallagher said last week it had entered into a new $500mn unsecured credit facility to replace one expiring later this year.
  • SVB, the Lloyd’s based insurer wrestling with its legacy of US professional liability (re)insurance losses, revealed bold plans on the 10 February to form a new UK-based insurance company while finally dealing with its back-year losses.
  • UK insurer Brit Insurance Holdings plc has said that it achieved 100 percent contract certainty on its 1 January 2007 outwards non-proportional reinsurance placements by the end of 2006.