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  • Bermudian post-9/11 start-up Axis Capital announced a strident set of second quarter results last Tuesday (2 August), as net income increased year-on-year from $140.9mn or $0.84 a share, to $172.8mn or $1.13 a share – primarily driven by its...
  • French aviation pool La Reunion Aerienne has confirmed it is the lead insurer of the Air France passenger jet that crash-landed in Toronto on 2 August in atrocious weather conditions.
  • Lloyd’s has warned its franchisees to expect the Central Fund levy to double next year from a current 0.5 percent of capacity to 1 percent as the Society looks to bolster its financial strength.
  • US insurer Markel Corporation last week (1 August) reported net profits up for the second quarter and first half of the year, despite cutting back on premium volume.
  • The legal team of former AIG CEO Maurice “Hank” Greenberg has published a “white paper” critiquing the company’s restatement of its 2004 results.
  • Hamilton-headquartered Max Re reported a significant year-on-year increase in second quarter net profits from $12.6mn or $0.26 a share, to $22.3mn or $0.45 a share for the three months ended 30 June 2005.
  • US insurer Hartford Financial Services Group Inc announced a 39 percent rise in quarterly profits due to a strong underwriting performance in its property-casualty operations.
  • The honeymoon period for new Aon chief executive Gregory Case continued last week after shares in the broking giant soared 17 percent following a strong second quarter.
  • British Aviation Insurance Company (BAIC) is to appeal against the High Court’s decision to prevent the company setting up a solvent scheme arrangement in a case seen as having far reaching implications for insurance run offs.
  • Warren Buffett’s Berkshire Hathaway confirmed last week that Milan Vukelic, the former chief executive of General Re’s London market arm Faraday Group, was dismissed in July following regulatory investigations into finite reinsurance transactions...