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Reinsurance

Flagstone premiums jump 20% in H1

Flagstone Reinsurance Holdings has announced net income of $41.9m for the second quarter of 2008, compared to $14.7m for the quarter ended 30 June 2007. Net income for the six months was $74.8m, compared to $50.3m for the six months ended 30 June 2007.

Axis Q2 net income drops 8%

Axis Capital, the Bermudian (re)insure, said that second quarter net income fell to $231m, down from $252m in the second quarter of 2007.

Swiss Re says Q2 net income off 53%

Swiss Re said that second quarter net income fell by 53%, dropping to CHF565m CHF from CHF1.194bn CHF the year before. The number was below analysts' expectations of CHF770m, according to Citigroup.

Lancashire H2 net income drops 25%

Lancashire Holdings, the Bermudian specialist insurer, said that pretax profits for the first half of the year fell 25%, hit by worse-than-expected risk losses in the first half of the year.

Amlin acquires motor book for £20m

Amlin syndicate 2001 has acquired for cash, the renewal rights to approximately £20m of general commercial motor fleet insurance from HCC Underwriting Agency, which will be integrated into Amlin Insurance Services, the UK Commercial Division of the Amlin…

Chicago hope

While Greg Case was at his previous job at consulting behemoth McKinsey, Aon was in turmoil. Three years on, Alex Ferguson spoke to the most bullish chief executive in the broking world

Recruitment moves

Joe Silmon has moved to RWS, one of the world's largest translation companies. He will be responsibl...

More pain needed!

Dear Friend, "What we need is a good loss to keep everyone honest and get the market moving again."...

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