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  • Bermudian powerhouse Axis Capital has held up robust fourth-quarter net profits as its full-year net income almost doubled on strong realised gains in its investment portfolio.
  • According to reports in the US, ousted American International Group (AIG) chief Maurice "Hank" Greenberg's "gift" of almost all of his $2.3bn stock in the company may not be enough to shield his investment from future lawsuits.
  • The impact of legislative actions in Florida earlier this year was reflected in the top line shrinking by 18 percent at RenaissanceRe Holdings Ltd (Ren Re) as the reinsurer reported first quarter figures.
  • Insurance giant Zurich Financial Services (ZFS) reported half-year net profits of $1.96bn, up 9 percent on the first six months of 2005, and ahead of analysts’ consensus of $1.8bn.
  • Stephen Way, the founder of HCC Insurance Holdings, has joined forces with a Chicago-based private equity firm to acquire businesses in the (re)insurance sector.
  • If tornado losses continue to stack up the ratings on two cat bonds could be affected, Standard & Poor's (S&P) has warned.
  • Spain and Latin America's largest (re)insurer Mapfre achieved an 8.7 percent increase in revenues for full year 2010, despite a EUR 106.1mn hit from the Chilean earthquake.
  • Willis North America chairman and CEO Don Bailey has resigned and will join personal lines giant Allstate, The Insurance Insider can reveal.
  • Ariel Re has promoted Ryan Mather to the new position of chief underwriter for reinsurance.
  • Lloyd’s is accused of trying to bribe the disgraced former Californian Insurance Commissioner Chuck Quackenbush in helping fight aggrieved US names. The disgraced former Californian Insurance Commissioner is facing allegations that he covered up a $400