August 2009/5

As the reinsurance industry prepares for its annual pilgrimage to Monte Carlo next month, over 300 executives will gather in London to debate and examine market conditions on the eve of the Reinsurance Rendez-Vous.

Swiss Re has continued shedding non-core assets with the sale of its CyberComp workers' compensation unit to AmTrust Financial Services.

Lloyd's (re)insurance broker RFIB has broadened its energy offering with a new office, RFIB Energy Australia, which will be headed by former head of Benfield Corporate Risk’s Perth office, Simon Race.

International specialty (re)insurer HCC Insurance Holdings has succeeded in a knock-out bid for the remaining third-party capacity on its £54mn Lloyd's Syndicate 4040.

Apart from revealing stellar results this week, Bermudian reinsurer Ariel Re announced it is to open a branch office in Zurich to write global credit and surety reinsurance from the 2010 renewal season.

Willis Group has named Vic Krauze as president of Willis HRH, its North American retail business.

A scheme of arrangement for insolvent UK insurer Highlands Insurance Company (HUK) has become effective, resolving a long-standing reinsurance claims dispute between the firm and its parent company...

Robust investment returns helped propel recovery-mode Lloyd's insurer Chaucer plc and fellow carrier Hiscox Group to bumper first-half results, while Omega Group followed the pack with broadly unchanged profit after a stable first half.