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  • The reinsurance market's greatest strength lies in the depth and longevity of its relationships.
  • A quartet of new opportunities for Names participation at Lloyd's are being lined up for the start of 2013, in an early sign that the Corporation is making good on its pledge to attract further third party capital on a more flexible and efficient basis.
  • Reinsurers will approach preliminary negotiations with brokers and clients for the 1 January renewal at the Monte Carlo Rendez-Vous this month happy to simply hold the line, as the prospect of any further price rises on their books of business ebbs away
  • Asset management giant BlackRock has appointed Patrick Liedtke as head of its financial institutions group for Europe, the Middle East and Africa.
  • AM Best has upgraded Hannover Re's financial strength rating from A to A+, pointing to the German reinsurer's consistently good earnings despite challenging catastrophe losses.
  • Beach Re, the US arm of specialist reinsurance broker Beach & Associates, has hired Terrence Duffy as vice president focused on specialty property lines
  • UK-listed Randall & Quilter (R&Q) has reported a 56 percent increase in pre-tax profits to £4.6mn for the first half of the year, exceeding analysts' forecasts.
  • Bruce Carnegie-Brown, the CEO of Marsh's UK operations when disgraced former NY Attorney General Eliot Spitzer waged his campaign against the firm in 2004-05, has returned as non-executive chairman of Aon UK Ltd
  • The pace of US P&C insurance rate increases gained momentum in August as pricing continued to improve compared to a year ago, according to the latest rate survey by insurance exchange MarketScout
  • Marsh parent company Marsh & McLennan Companies (MMC) said today (4 September) that its interim chief financial officer J Michael Bischoff would continue in the role permanently, with immediate effect