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  • Australian (re)insurer QBE has rebranded its European operations which means the loss of the name of its Lloyd's (re)insurance arm, Limit.
  • The board of Willis Group Holdings has approved a new $1bn stock buyback plan.
  • Integro has taken on two international property brokers John Millar and Andrzej Danyluk from reinsurance broker Guy Carpenter.
  • US insurer Liberty Mutual Group has boosted its asbestos reserves by $67mn post-tax following the completion of a "comprehensive ground-up study", it revealed in its third quarter results.
  • "Class of 2005" insurer Lancashire Holdings Ltd said the third quarter had been its "best yet" with net income of $105.2mn up 100 percent from $52.6mn in the prior-year period.
  • Fast-expanding (re)insurer MAPFRE SA announced its boldest move yet when confirming last week its $2.2bn acquisition of the Massachusetts-based non-life personal lines insurer The COMMERCE Insurance Company.
  • The (re)insurance sector will watch developments in Bermuda with interest over the coming weeks after premier Ewart Brown called a general election for 18 December.
  • China Reinsurance Group, the country's largest reinsurer, is planning an initial public offering (IPO) after inviting "strategic" investors to buy stakes, according to a statement from the company last week.
  • 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...