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  • Recovery-mode Lloyd's managing agent Chaucer plc has unveiled bumper first-half results, as a robust investment rebound combined with rate increases and a benign claims environment produced strong pure underwriting profit.
  • Ariel Reinsurance Company announced that it has opened a branch office in Zurich to write credit & surety reinsurance on a global basis, starting with the 2010 renewal season.
  • Broking giant Willis has named Vic Krauze president of Willis HRH, its North American retail business.
  • A scheme of arrangement for insolvent UK insurer Highlands Insurance Company (UK) has become effective, resolving a long-standing reinsurance claims dispute between the firm and its parent company Highlands US...
  • A scheme of arrangement for Highlands Insurance Company (UK) has become effective, resolving a long-standing legal dispute between Highlands US and Highlands UK (HUK) through the use of a UK mechanism.
  • UK insurer Hiscox Group has posted record pre-tax profit of £141.4mn for the first half of the year (compared to £109.2mn in H1 2008) as healthy investment returns offset losses from foreign exchange movements.
  • The share price of expansive Australian insurer QBE rose by A$6.36 to close at A$22.60 on 20 August as it released robust results for the first half of the year, including a record H1 profit after tax of A$1.018bn ($832mn).
  • Munich Re is set to pick up the bulk of last week's $200mn RusHydro loss as part of a property facultative placement, our sister title Inside FAC has revealed.
  • The number of Superfund cases filed annually in US district courts decreased by almost 50 percent between 1994 and 2007 - the period for which data is available - according to the US Government Accountability Office (GAO).
  • Chaucer Syndicates Ltd (Chaucer) has unveiled a strategic partnership with US-based insurance broker Global Special Risks, LLC (GSR) for a new underwriting platform for land-based oil and gas operators in North America.