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  • UK regulator the Prudential Regulation Authority has deferred its decision on whether carriers can use external auditors to assess their Solvency II capital disclosures, it announced today (4 July)
  • The China Insurance Regulatory Commission (CIRC) has amended its investment rules to allow insurers in the country to invest in infrastructure projects
  • Sirius' new Bermuda-based company has been assigned an A financial strength rating by AM Best, with a negative outlook that reflects the credit profile of its new parent China Minsheng Investment (CMI).
  • Insurance outsourcing agency Capita has announced the appointment of Ian Powell as non-executive chairman from 1 September 2016
  • Israeli energy conglomerate Delek Group has signed a memorandum of understanding (MOU) with Chinese holding company Fujian Yango Group to sell its stake in insurer Phoenix Holdings for 1.8bn shekels ($462mn).
  • Tower Group acquirer ACP Re has been downgraded to B++ from A- by AM Best after it failed to submit financial statements for 2015.
  • China's first earthquake insurance policy was unveiled last week (1 July) as a first step in an effort to establish catastrophe insurance in the country
  • Swiss Re Corporate Solutions has promoted Axel Brohm to CEO of its Latin American business, the company announced today (1 July).
  • Liechtenstein-based carrier Gable has suspended the trading of its shares on the Alternative Investment Market exchange pending the publication of its 2015 accounts.
  • London-listed Beazley has appointed Christine LaSala as a non-executive director, effective today (1 July).