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  • Markel has closed its deal to buy substantially all of the assets of collateralised retro specialist Catco Investment Management.
  • UK outsourcer Xchanging has announced that it has reached an agreement with Computer Sciences Corporation (CSC) that will see Xchanging shareholders receive 190p a share in cash for the company
  • Writers of US multi-peril crop insurance (MPCI) have been handed a reprieve after measures that would have cut $3bn from the federally subsidized mechanism were reversed last week.
  • A heavy monsoon season in southern India and Sri Lanka has generated at least $300mn of insured losses, according to Aon Benfield.
  • The UK's Pool Re structure would be an ideal starting point to create a state-backed indemnity pool for cyber attacks, the CEO of the UK government-backed terrorism mutual has claimed
  • Bermuda-headquartered (re)insurance start-up Fidelis Insurance has announced that it has received Prudential Regulation Authority approval for the launch of its UK business, which will begin underwriting with immediate effect
  • Global Risk Partners (GRP), the UK broker consolidator led by broking veteran David Margrett, has posted a £2.73mn pre-tax loss for the year ending 31 March 2015, according to results filed at Companies House
  • Dan Coman has been unveiled today (8 December) as the new deputy chief financial officer at Insurance Australia Group (IAG)
  • Mexican reinsurer Patria Re has been given final approval from Lloyd's to launch Special Purpose Syndicate (SPS) 6125 in conjunction with Pembroke Managing Agency.
  • American International Group (AIG) has priced the sale of 361 million ordinary shares in PICC Property and Casualty Company to institutional investors, the carrier announced yesterday (7 December)