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  • High performance Bermudian outfit Renaissance Re smashed analysts’ consensus estimates for the second quarter as it reported operating earnings per share of $2.00, against a projected $1.65, driven by strong underwriting results and favourable reserve dev
  • US (re)insurer Chubb announced estimate beating results last Tuesday, with second quarter net income up 41 percent to $356.1mn, and net income per share up 28 percent to $1.85.
  • Bermudian Arch Capital announced strong second quarter results last Thursday (29 July), booking net income for the second quarter of $104.3mn, or $1.42 a share, against $61.8mn, or $0.91 a share for the comparable quarter last year.
  • In its initial review of the aggregate statistics of the UK non-life primary market Ratings agency AM Best has said that, as expected, 2003 saw a modest continuation of the improvement in underwriting results seen since 2000. According to company regulato
  • Bermudian “class of 2001” reinsurer Montpelier Re announced another strong set of quarterly results last Tuesday (27 July), and revealed that chairman, president and CEO Tony Taylor’s tenure will be extended for a further three years up to the end of 2007
  • Royal & Sun Alliance completed its exit of UK life business by selling its closed operations to the “vulture fund” Resolution Life for some £850mn.
  • Aon is set to challenge SBJ’s traditional hegemony for UK professional sports insurance after swooping to recruit two of its brokers.
  • Broker Willis Group Holdings has announced the launch of its Japan Global Retail Practice Group.
  • JLT is to establish a separately branded company to focus on business produced from independent retail sources, particularly in the US.
  • Bermudian Max Re today (2 August) announced second quarter earnings below analysts’ expectations as investment income fell short of target.