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  • Bermudian giant XL Capital reported record first quarter income of $405.5mn, or $2.26 per ordinary share, yesterday (25 March).
  • Listed insurer Hiscox is awaiting Lloyd’s approval for its planned Bermudian sidecar, which, Insider Week can reveal, will be called Panther Re.
  • Amlin - Lloyd’s second largest insurer by capacity - heralded a successful renewals season and a bullish outlook as it released a trading statement last Friday (9 January ‘04).
  • Lloyd's carrier Novae has delivered pre-tax profits of £39.9mn for 2012 as the group continues to emerge from the period of relative underperformance that followed its devastating US liability losses in the late 1990s
  • US (re)insurance group The Hartford Financial Services announced last Wednesday that profits for the second quarter increased nearly threefold on the same period last year.
  • HCC looks set to control 100 percent of the stamp on its Lloyd's Syndicate 4040 after making an offer to pay 15p in the £ for the capacity it does not already own.
  • A panel of High Court judges has thrown out an appeal by reinsurers against Justice Morison’s 21 December 2004 judgement in favour of claimant reinsureds and defendant brokers on all points in the notorious Aon 77 dispute.
  • Sue Langley, director, Market Operations and North America at Lloyd's has been appointed to the ACORD board.
  • New Year optimism from reinsurers was probably diminished by news of the Suncor Energy loss - which introduced a fresh energy catastrophic loss only months after Hurricane Ivan tore through the Gulf of Mexico devastating oil platforms.
  • One of the founders of energy specialist Torus Insurance Holdings, David Hope, has stepped down from his position as chief underwriting officer, The Insurance Insider can reveal.