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  • As QBE lines up its North American and two of its Australian agencies for sale, questions are being asked about whether the company will be able to secure sufficient considerations for the units to avoid write-downs of goodwill.
  • Randall & Quilter (R&Q)'s share price closed down 5 percent today (26 August) after it posted a loss for the first six months of the year, but founder Ken Randall was upbeat about the company's prospects for the second half of the year and beyond.
  • Struggling global insurer QBE has purchased a comprehensive reinsurance deal for $390mn to remove the reserving risk from its Italian and Spanish medical malpractice books, the carrier said in its interim results.
  • Portuguese talks; Price is right; Gallagher Pens; Quindell reports; Mitsui Sumitomo affirmed at A+; Swiss Re appoints; Bender promoted; Ecclesiastical sees the light; eAccounts volume doubles ; Talanx Brazil; Beazley beefs up; HIIG hires; Bring me my Speer; Arizona floods $10mn
  • Celebrated UK investment manager Neil Woodford has upped his stake in Lancashire Holdings to 5.51 percent.
  • Catastrophe modelling firm Eqecat has estimated that the Californian earthquake that struck near the iconic Napa Valley wine-producing region on 24 August may cost (re)insurers between $500mn and $1bn.
  • Sompo's international specialty arm Canopius intends to transfer the business from Syndicate 260 into one of its other syndicates, placing the dedicated motor insurer into run-off, The Insurance Insider has learned.
  • Diversifying legacy group Enstar has agreed to acquire South Carolina-headquartered Companion Property & Casualty Insurance Group in a $218mn cash deal.
  • The sale of a 20 percent stake in Ironshore to Chinese conglomerate Fosun valued the excess and surplus lines insurer at $2.32bn, or a multiple of 1.25x its unaudited net assets at 30 June.
  • Any sailor will tell you that a plotting course against the direction of the wind is always an interesting exercise in optimisation.