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  • The insured loss from fire damage to a Korean-owned Chinese microchip factory in September has increased from $1.1bn to $1.3bn and is on course to be the largest single-risk loss this year, sister publication Inside FAC revealed last week.
  • US insurance broker AJ Gallagher (AJG) has completed its takeover of UK rival Giles, the company said on 14 November.
  • US private equity firm Carlyle Group has agreed to buy a majority stake in California-based insurance broker Edgewood Partners Insurance Centre (EPIC) for an undisclosed sum, providing further evidence of the sector's growing interest in insurance intermediaries.
  • Barclays Capital (BarCap) has hired Deutsche Bank's most senior financial adviser for insurance deals in London, The Insurance Insider can reveal.
  • Private equity firm Aquiline has syndicated 19.9 percent of Equity Redstar to Macquarie, which advised on its acquisition of the troubled Lloyd's motor insurer, The Insurance Insider can reveal.
  • Saga, the UK insurer and travel agent for the over-50s, is being lined as up the insurance sector's next IPO, with its private equity owners holding talks with investment banks about a 2014 stock market launch.
  • RSA's financial strength and credit ratings could be lowered again unless the UK general insurer takes steps to strengthen its capital position, according to credit analysts.
  • Tornadoes strike; New Man in; Aviva sells; Blue Capital grows; End of the Saga?; Tower reassures; Italy risk; Carlyle buys; RLI dividend; Argo reshuffle; Citadel invests; QBE negative; Arrow down; BMS recruits; TRIA lobby; Allied World upgrade; Ran-off; IPO woe; VIG acquires; RSA down; Barbican promotes; Bailey returns; Xuber signs; Amlin upbeat; HCC director; Marsh rated
  • Former RSA CEO Andy Haste is no longer involved in the sale process to acquire the Co-op's insurance arm, The Insurance Insider understands.
  • The confidential investor memorandum has been sent out to potential buyers of Lloyd's business Antares and indicative bids have been requested by 6 December, The Insurance Insider has learned.