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  • Kamp Re 2005, Zurich Financial Services' (ZFS) catastrophe bond, hit by losses from Hurricane Katrina soon after its launch, is due to be tested within the next month, after the bond's administrators finally filed a proof of claim notice on 30 October.
  • 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.
  • 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.
  • European giant Swiss Re has forced analysts to backtrack on their earnings forecasts after its net income came in well ahead of predictions.
  • 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.
  • Lloyd's (re)insurance intermediary CRS is poised to finalise a number of deals in preparation for run-off.
  • Validus Holdings-owned Talbot Underwriting has become the latest Lloyd's insurer to launch an Asian venture through the Corporation's Singapore platform.
  • The board of Willis Group Holdings has approved a new $1bn stock buyback plan.
  • 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.