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  • Private equity firm Apollo Global Management has completed the acquisition of bailed-out UK bank RBS's stake in Catalina Holdings, as well as participating in a $200mn capital-raising for the run-off specialist.
  • Investors punished AmTrust Financial Services for a second week after a hastily arranged conference call defending the company's accounting methodology failed to stop the recent decline in its share price.
  • Heavily-shorted New York-listed carrier AmTrust pulled out of takeover talks it was holding with beleaguered peer Tower Group after the former's share price crashed following the release of a critical report from Geo Investing, The Insurance Insider can reveal.
  • As many prepare to celebrate the start of the New Testament, please forgive a nod to its older predecessor in the last weekly editorial comment of the year.
  • Stamp capacity at Lloyd's is set to grow by 6 percent in 2014 to a new record of more than £26bn as the Corporation approves growth despite softening rates exerting pressure on the top and bottom line.
  • AmTrust Financial Services has completed the purchase of Sagicor Europe Limited (SEL), which provides the US specialty insurer with a Lloyd's managing agent
  • ABS, the parent of catastrophe modelling company Eqecat, is in advanced discussions to sell the firm to data and analytics group Corelogic, The Insurance Insider understands.
  • UK insurer Aviva has set aside £92mn ($150mn) to cover potential compensation payments to clients after two former employees at its fund management division breached its trading policy, The Insurance Insider can reveal
  • French reinsurer Scor has bought EUR200mn ($272mn) of protection against extreme natural catastrophe and mortality risk in an innovative contingent capital deal with Swiss bank UBS, it said today (23 December).
  • Californian programme manager Align General has formed a new entity, Catalytic Holdings, LLC and acquired earthquake insurance specialist Western Re in a deal that will merge the property cat businesses of the two US Lloyd's coverholders, The Insurance Insider can reveal.