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  • Fosun, the Chinese investment conglomerate that models itself on Berkshire Hathaway, has won the drawn-out auction to acquire the insurance business of Portuguese state-owned bank Caixa Geral de Depositós.
  • AFG has agreed to buy Summit Holdings Southeast from Liberty Mutual in a deal that shows the US insurer opportunistically taking advantage of dislocations in the market
  • Rate softening intensified at the 1 January aviation treaty renewals, but cedants are still seeing primary rate reductions significantly outpace the drop-off in their outwards spend, further squeezing their diminishing returns.
  • AJ Gallagher's swift march to the top table of UK broking has continued, with the London-headquartered firm in exclusive talks to acquire the UK consolidator Oval for £180mn+
  • The Brian Duperreault-led transformation of SAC Re - now Hamilton Re - has continued with the high profile addition of former Citigroup head Sandy Weill as chairman of the Bermudian's holding company.
  • Tower Group's share price has drifted downwards over the past week, implying less than complete confidence in the market that the complex ACP Re takeover deal will close
  • Endurance Specialty has hired Rich Aldorisio and Mark Fuderanan along with a team of US casualty insurance executives from rival Bermudian Aspen Insurance as it continues to build out its US platform
  • Ace unveils Thai deal; White Mountains acquires; Dual appoints; Summit spends; Rates falter; Willis buys; Simple claims; Tower challenge; Lloyd's deputy; AG Doré appoints; Marsh buys; Lonmar director; Marketform hires; Crawford reshuffle; BIBA Chairman; Zurich appoints
  • Aqua, the MGA owned by RK Harrison Holdings, has created a mega-Caribbean property facility, The Insurance Insider can reveal.
  • The danger of duplicative regulation at a global and national level is a key concern for P&C (re)insurers operating in the London company market, according to trade body the International Underwriting Association of London (IUA).