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  • Kiln Ltd is to return £60mn of surplus capital to investors in a share buyback part-paid for by the sale of its 20 percent interest in US insurer WR Berkley’s European operation.
  • Tawa plc, the UK quoted run-off consolidator, has acquired the US firm PXRE Reinsurance Co (PXRE US) from parent Argo Group International Holdings Ltd in a $114mn transaction.
  • FTSE 100 companies are reporting risk above and beyond what the UK's regulatory regime requires, according to research undertaken by broking giant Marsh Ltd.
  • Marine, energy and P&I insurer Lingard Limited (Gard) has appointed former JLT Re partner Graham Everard as managing director of its Bermudian operations.
  • Lloyd's (re)insurance intermediary CRS is poised to finalise a number of deals in preparation for run-off.
  • London market reinsurers led by Allianz have had their appeal dismissed against the striking out of significant parts of their defence in the controversial EUR44.3mn dispute with the North Korean national insurer.
  • Integro has taken on two international property brokers John Millar and Andrzej Danyluk from reinsurance broker Guy Carpenter.
  • Investors reacted positively to Aon's news last week that it is to impose a fresh restructuring that will lead to the loss of 2,700 jobs, the equivalent of 6 percent of its global workforce.
  • Despite a general weakness in bancassurance business, Italian insurance giant Assicurazioni Generali has shown "solid" progress in its year on year nine month results.
  • Bermudian (re)insurer RenaissanceRe Holdings reported a third-quarter profit of $144mn, a decrease of 44.6 percent from the prior year period, driven by lower underwriting income, UK flood losses and a $36mn charge on investments hit by the sub-prime...