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  • Xchanging, the London market and international business process outsourcing specialist, has secured a £110mn syndicated term loan and revolving credit facility.
  • The former New York superintendent of insurance, Eric Dinallo, has confirmed that he is gearing up for a run at the position of state attorney general.
  • 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...
  • 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).