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  • Rating agency Moody's has downgraded the credit rating of loss adjuster Cunningham Lindsey, citing concerns that an absence of natural catastrophe losses will reduce claims volumes, denting the company's revenues and profit
  • Munich Re's US subsidiary yesterday (26 June) named Steven Levy as the president of its reinsurance division, replacing Pina Albo, who is to join the reinsurer's management board in October
  • RSA has confirmed the appointment of Steve Lewis from Zurich as CEO of its UK and Western Europe operations as it ends it search for a successor for outgoing Adrian Brown.
  • UK insurer RSA has appointed Steve Lewis, former head of UK general insurance at Zurich Insurance Group, as the new head of its UK and western European operations, according to press reports
  • AmTrust Financial Services has agreed to acquire Floridian workers' compensation insurer OptaComp for an undisclosed cash sum, the US insurer announced today (26 June)
  • Qatar Insurance Company (QIC) today (26 June) said it had completed the takeover of Lloyd's carrier Antares after receiving the necessary regulatory approval
  • London-headquartered (re)insurance intermediary Cooper Gay has appointed Alan Main as director, reinsurance, with immediate effect
  • Munich Re has pulled its Queen St X Re catastrophe bond from the market, telling investors that the decision was taken due to the target size not having been attained, our sister publication Trading Risk revealed today (25 June).
  • The London Market Group (LMG) has commissioned major research into the London insurance market to provide a factual basis to inform its future strategy
  • Rob Terry, the founder and chairman of London-listed insurance technology firm Quindell, today (25 June) bought another £32,000 ($54,000) of shares in the company, taking his total stake to 10.9 percent