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  • National Interstate's board said it will advise shareholders tomorrow (19 February) of its position on Great American's bid to buy it out, after the American Financial Group (AFG) subsidiary increased its tender offer for the shares it doesn't already own by $2.00 to $30.00 a share
  • Tokio Marine-owned Lloyd's (re)insurer Kiln has agreed to buy a 49 percent stake in US specialty insurer NAS, the company said on Tuesday (18 February) without disclosing the purchase price.
  • Insurance broker Marsh today (18 February) published new research highlighting the insurance industry's role in helping the economies of Japan, Chile and New Zealand recover from devastating earthquakes that hit all three countries between 2010 and 2011.
  • Former AIG CEO Maurice "Hank" Greenberg's company, Starr Investment Holdings, has teamed up with Swiss investment firm Partners Group to buy MultiPlan, an IT service provider for the US healthcare industry, it was announced yesterday (17 February)
  • Senior UK insurance executives including the CEOs of Aviva, Direct Line and Axa UK are to meet government officials later today (18 February) to discuss the industry's response to the UK floods crisis
  • A significant expansion of the hours clause during the 1 January treaty renewals has made reinsurance losses more likely as severe weather continues to afflict the UK, The Insurance Insider can reveal
  • The European peer group reported an average 1.1 percent share price gain last week, dragged down by the near 8 percent deterioration to RSA's share price.
  • US-listed (re)insurance shares had a strong week with an average gain of 3.05 percent, reversing losses of the previous week.
  • Catlin was the only Lloyd's carrier to outperform the benchmark performance of the FTSE 100 last week, while the remainder saw mixed fortunes.
  • Global broker stocks generally performed well last week as the reporting season for the subset came to a close.