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Lloyd’s/London

Key London market figures herald agreement

In the latest step in its drive to promote business processing efficiency in the London market, the Market Reform Group has reached agreement with key market bodies on the procedural rules which will underpin the use of the Insurers’ Market Repository.

RenRe risk appetite rewarded with 'stellar' 3Q

Bermudian reinsurer Renaissance Re has reported net income of $251.1m in the third quarter of 2006 compared to a net loss of $287.3 m for the same quarter of 2005. Renaissance said the results benefited from light insured catastrophe loss activity…

Solid 3Q for Axis

Bermudian (re)insurer Axis Capital has reported net income $226.2m, for the quarter ended September 30, 2006, compared with a net loss of $468.1 m for the same quarter in 2005.

Quiddington quits Lloyd's

Steve Quiddington, director of operations at Lloyd's has left the corporation. Mr Quiddington originally joined Lloyd's in 2000 and a was a former director of strategy for National Westminster Bank.

XL posts solid third quarter

Global (re)insurer XL Capital has reported net third quarter income of $415.8m set against a net loss of $1,049.2 million for the Katrina and Rita affected third quarter in 2005.

RGA ahead at 3Q

Specialist life reinsurer, Reinsurance group of America (RGA) has reported net income for the third quarter of $74.0m compared to $67.6m in the prior-year quarter.

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