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  • Bermuda-headquartered Argo Group has announced a shake-up of its international operations that will see Julian Enoizi depart as the division's CEO
  • Hannover Re's latest catastrophe bond, Eurus II, closed on the 29 July, providing the reinsurer with EUR150mn of European windstorm cover and taking overall 2009 cat bond issuance to $1.8bn.
  • Lloyd’s insurer Amlin has appointed Peter Tavner as deputy group actuary. Tavner joins Amlin from Lloyd’s Risk & Reserving Unit. Tavner has worked in the industry for 15 years for Commercial Union, Swiss Re and Lloyd’s and is a member of the...
  • Analysts have reacted cautiously to Munich Re's $1.3bn planned purchase of US primary insurer The Midland Company (Midland).
  • The stable of small-cap listed Lloyd's (re)insurers has dwindled to just two after Hardy confirmed that its deal to be acquired by CNA has become fully effective and that its shares will cease trading.
  • Sebastian Hueskes, managing director and general manager of Munich Re, UK General Branch, has joined the board of Illium Managing Agency as the German reinsurer’s representative. The appointment follows the previously reported co-insurance...
  • Redholm Underwriting Agents is set to write $120mn in aviation capacity at Lloyd’s this year and has begun filling the vacancies created by a mass defection to American International Group (AIG).
  • Lloyd's and Bermuda (re)insurer Omega Insurance Holdings has received acceptances of approximately £45.7mn of capacity, representing 21.9 percent of the outstanding capacity on its Lloyd's Syndicate 958.
  • Two major UK insurers have revealed job cuts that could total almost 3,000 staff as they face up to "difficult times" and changes in the way business is placed.
  • Marsh's single-minded focus on cost-cutting has again borne fruit in its quarterly earnings, with its operating margin leaping from 10.6 percent to 18.2 percent in the second quarter.