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  • The Australian carrier IAG has added a new A$1bn ($754mn) top layer to its A$7bn catastrophe reinsurance treaty, in an active year for local catastrophe losses.
  • AmTrust has struck a deal to offload most of its 11.5 percent stake in US personal lines insurer National General Holdings Corp (NGHC), as the embattled insurer works to shore up its balance sheet.
  • Marsh has hired a duo of aircraft finance experts from the US Export-Import Bank (Ex-Im), a government-backed export facilitator, to work on its newly established Boeing credit insurance facility.
  • Excess and surplus lines (E&S) property executive Colin Mayo is parting company with Ariel Re just four months after its $235mn acquisition by Argo Group, The Insurance Insider can reveal.
  • American International Group plans to sell almost 6.4 million shares in Arch Capital valued at more than $600mn as AIG converts half of the preferred stock it received in the sale of its United Guaranty unit to the Bermudian.
  • All trades need willing buyers and sellers in order to happen - that's what makes a market. The magic of the trading environment means that even though each counterparty is doing the opposite of the other, both are right.
  • London market broker Tysers reported a 12.8 percent increase in Ebitda profit to £10.6mn ($13.7mn) and a flat Ebitda margin of 20 percent for the full-year 2016
  • Asia Capital Re (ACR) has brought in Bobby Heerasing as deputy CEO as it nears the completion of its long-trailed sale, The Insurance Insider can reveal
  • Global wholesale and specialty broker Ed revealed today it has shaken up the leadership of its Latin American business as group CEO Steve Hearn continues to repurpose the Lightyear Capital-backed company
  • The UK Financial Conduct Authority (FCA) has launched a review into the professional indemnity (PI) market as part of a drive to improve coverage for advise