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  • Aon Benfield has named Joe Smith as CEO of its Chile broking team.
  • Hubertus Labes, the managing director of Hamburger Internationale (HIR), is to join Compre as part of its deal to buy the German holding company from Tawa.
  • Hubertus Labes, the managing director of Hamburger Internationale (HIR), is to join Compre as part of its deal to buy the German holding company from Tawa.
  • Troubled run-off acquirer Tawa plc has announced plans to demerge its services and run-off businesses and sell its German subsidiary Hamburger Internationale (HIR) to rival Compre for a net consideration of EUR3.2mn.
  • The ‘bifurcated' market developing in reinsurance is expected to fuel increased mergers and acquisitions activity in the sector, according to JMP Securities analyst Matt Carletti.
  • Global insurance broker Willis has appointed Seth Peller, currently chief executive of its Argentina unit, to the newly created role of global head of casualty, the firm said today (20 December).
  • Private equity firm Apollo Global Management has completed the acquisition of bailed-out UK bank RBS's stake in Catalina Holdings as well as participating in an additional $200mn capital-raising for the run-off specialist.
  • Expansive Florida-based insurer United Property & Casualty Insurance (UPC) is to begin writing P&C business in Georgia after being approved by the state's insurance department, it said late yesterday (19 December).
  • Hedge fund-backed reinsurer Third Point Re has hired former Endurance executive Nicholas Campbell as senior vice president of underwriting.
  • AIG confirmed it has acquired $400mn of collateralised reinsurance with its second Tradewynd Re catastrophe bond, as the insurance premium on the deal softened significantly from the insurer's first Tradewynd Re deal in July.