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  • Willis Group Holdings named Gary Schmalzriedt as the chairman of its reinsurance brokerage, Willis Re, last week.
  • The European Commission has cleared Berkshire Hathaway and Munich Re to complete their buyout of SCOR's stake in Global Aerospace Underwriting Managers (GAUM).
  • Max Capital president of reinsurance and co-founder John Doucette has left the company to "pursue other opportunities".
  • Lloyd's is "better positioned" to weather the current insurance cycle thanks to recent initiatives to shore up capital and limit pressure on the central fund, according to rating agency Moody's.
  • Integro Insurance Brokers has parted company with John Chippindale, the managing director and president of its Canada operation, The Insurance Insider can reveal.
  • Bermudian (re)insurer XL Capital's woes appear to have deepened this week with at least one insurer, understood to be Chubb, taking the company off its security list for facultative placements, The Insurance Insider can reveal.
  • Law firm Clyde & Co has hired Susan Stryker, formerly of Sterns & Weinroth, as it seeks to expand its US (re)insurance practice.
  • Despite increased competition in the run-off sector and turbulence in the international credit markets, run-off specialist Randall & Quilter has revealed that there are still a number of business prospects it plans to explore.
  • Growth is imperative for insurers despite the fact that recent history warns that the pursuit of growth in the insurance industry should be eyed skeptically, says a report by analysts at US investment bank Morgan Stanley.
  • Second quarter US cat losses, which the ISO has revised upwards to $6.03bn, are likely to hit the bottom line of personal as well as commercial lines insurers, according to the latest analysis from Fox-Pitt, Kelton.