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  • AIG has agreed a $5.4bn deal to divest its non-core aircraft leasing subsidiary in a move that is set to bring an end to a five-year sales saga.
  • Lloyd's has formally named Inga Beale, CEO of Lloyd's (re)insurer Canopius, as the market's first female CEO, confirming the news first reported by The Insurance Insider on 13 December.
  • The industry's largest reinsurance intermediary Aon Benfield has set out to test the degree of softness in the property catastrophe market by launching an audacious initiative to broaden terms in all of its property cat placements, The Insurance Insider understands.
  • Analysts on Monday (16 December) said UK general insurer RSA's shares could be a worthwhile investment after the latest in a series of profit warnings from the group prompted a steep fall in their price on Friday.
  • Michael Watson-led Lloyd's carrier Canopius is likely to clinch a $1bn all-cash sale to Japanese big three insurer NKSJ within days, The Insurance Insider understands.
  • Michael Watson-led Lloyd's carrier Canopius is likely to clinch a $1bn all-cash sale to Japanese big three member NKSJ within days, The Insurance Insider understands.
  • AmTrust and Maiden insiders led by major backers the Karfunkel family yesterday stepped in to buy shares and help halt a damaging decline in the companies' share prices, filings with the SEC show.
  • Lloyd's is set to name Inga Beale, head of Lime Street (re)insurer Canopius, as its new chief executive, with a formal announcement expected early next week, The Insurance Insider understands
  • Shares in UK general insurer RSA were down by over 15 percent in early trading today (13 December) after the company unveiled a fresh £130mn reserving hit at its troubled Irish unit, prompting the resignation of chief executive Simon Lee
  • Lloyd's and new UK prudential regulator the Prudential Regulatory Authority (PRA) have signed a formal cooperation aimed at governing information sharing between the two bodies and avoiding unnecessary duplication