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  • French insurance giant Axa saw net income for the first half of 2010 drop 28 percent to EUR944mn, after sustaining a EUR1.48bn loss related to the sale of part of its UK life operations earlier in the year.
  • Lloyd’s insurer Heritage Underwriting Agency plc has this morning (20 July) named its new active underwriter on Syndicate 1200 as Nick Jones, promoted to replace the recently departed Les Rock.
  • HCC Insurance Holdings was praised today (29 March) by Raymond James & Associates Inc’s insurance analyst Greg Peters for both its operational performance and levels of transparency.
  • US crop insurers and their reinsurers are digesting a watered down final version of the legislation that governs the relationship between public and private provision of cover.
  • US broker AmWins has reached an uneasy court-ordered truce with Patrick Ryan's start-up Ryan Specialty Group (RSG) and its new wholesale broking arm R-T Specialty over litigation sparked by a defecting broker
  • Canadian conglomerate Fairfax Financial Holdings Ltd bounced back to a third quarter profit of $253.2mn from a loss of $359.2mn in the prior-year period.
  • French giant AXA today (4 January) announced it has agreed a deal to sell the US operations of its recent acquisition Winterthur to QBE Insurance Group for total consideration of $1.8bn.
  • Berkshire Hathaway is yet to settle a dispute with global reinsurer Swiss Re over a life reinsurance transaction that the investment conglomerate has claimed could cause damages of up to $1bn
  • Berkshire Hathaway has had its AAA counterparty credit rating downgraded a notch by Standard & Poor's (S&P) due to the "very high" risk associated with its $26bn debt-funded acquisition of railway operator Burlington Northern Santa Fe.
  • Perhaps demonstrating the capital market's restraint over supporting new reinsurance ventures, a trio of start-ups in the sector that were mooted to list on the London Stock Exchange's Alternative Investment Market (AIM) have been withdrawn.