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  • Stephen Cane, the former chairman of the international underwriting association of London (IUA) and ex-head of run-off reinsurer Alea’s London operations, has joined the insurance services company Whittington Group.
  • Hannover Re expects its losses from Windstorm Kyrill to be between EUR120-180mn before tax with an overall industry loss estimated at EUR4-7bn.
  • Stephen Way has formally completed his departure from HCC Insurance Holdings, the company he founded in 1974, at the same time as the firm announced a 79 percent leap in profits last year.
  • Swiss reinsurer Converium has begun the search for a replacement to its chief executive Terry Clarke who stepped in earlier this year following the ousting of Dirk Lohmann in the wake of the company’s much publicised difficulties.
  • Mitchell Blaser, the former chief financial officer of Swiss Re’s Americas division, has formed a triumvirate of senior industry executives behind the $1bn start-up insurer, Ironshore Ltd.
  • Despite a cat-driven 77 percent fall in the underwriting profits of its general insurance division Zurich Financial Services's (ZFS) investments helped it to post net income approaching $1bn in Q1.
  • Canadian insurance combine Fairfax Financial Holdings Ltd revealed a return to underwriting profit last week with “record” earnings of $271.1mn for 2003, which included a positive underwriting contribution of $87.7mn.
  • Bermudian (re)insurer Quanta Capital Holdings appointed run-off expert Mark Bridges to its board of directors on 11 December.
  • French-headquartered reinsurer Scor reported an 18 percent year-on-year rise in third-quarter net income to EUR111mn, as it benefited from "very strong" technical results with a non-life combined ratio of 94.9 percent.
  • Benfield Group will treat the £9.525mn which Aon Re has agreed to pay to settle the litigation springing from the defection of a key producing team as an exceptional item this year.