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  • Bermudian financial guaranty and credit (re)insurance specialist Assured Guaranty Ltd (AGL) fell to a loss of $260.1mn in the fourth quarter of last year after taking a $297.5mn sub-prime derivative hit.
  • CNA reported operating profits up 33 percent to $152mn for the second quarter of 2012 as an improved underwriting performance offset falling investment income.
  • The stable of small-cap listed Lloyd's (re)insurers has dwindled to just two after Hardy confirmed that its deal to be acquired by CNA has become fully effective and that its shares will cease trading.
  • 2009 was a good year for Marsh & McLennan Companies (MMC) but the economic travails and a legacy from the dark Spitzer days overshadowed the group's full-year results.
  • Lloyd's Names will be able to give their views on Hampden Private Capital's acquisition of the Names' advisory business of CBS Private Capital after receiving a questionnaire from the Competition Commission last Friday (11 August).
  • Kiln plc has become the first Lloyd’s insurer to ask third party capital providers to put up additional capital to cover losses from last year’s storms. Members of Syndicate 557’s 2005 underwriting year are being asked to contribute...
  • Bermudian-headquartered run-off company Alea Group Holdings returned to profit in the first half of this year posting a result of $0.8mn against a loss in the prior-year period.
  • The Insurance Insider profiles the world’s two biggest brokers, and discovers that the time is ripe for Aon to reign in its bête noire’s outperformance. Take two brokers of a similar size; the first with annual brokerage of $4.4bn, the second slightly
  • American International Group (AIG)'s share price was under pressure following concerns about the sufficiency of its P&C loss reserves.
  • Ratings agency Standard & Poor's (S&P) lowered its counterparty credit ratings on global financial services firm Marsh & McLennan Cos (MMC) to BBB- from BBB, with a stable outlook.