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  • Liberty restructure, Lloyd's losses, Amlin downgrade, Gulf boom, Aviva reshuffle, Axa buyout and Aon down under
  • Dublin-domiciled (re)insurer XL Group has said it expects to absorb a net loss of $60mn from severe hailstorms that struck Germany in late July, confirming its status as one of the costliest weather-related events so far in 2013.
  • Germany's third-biggest insurance group, Talanx, is actively looking for acquisitions in Mexico, Brazil, Poland and Turkey, and will rely on equity investors to finance any deal worth more than EUR180mn ($241mn), its chief executive explained last week.
  • French insurer Covea's EUR800mn catastrophe reinsurance treaty will renew tomorrow (1 October) with a 5-10 percent risk-adjusted rate reduction, The Insurance Insider understands.
  • It's easy to forget how spoiled we are in this global business of ours. All the main operational hubs of the global P&C (re)insurance sector are also desirable locations in which to live and work.
  • Validus Holdings is launching a Swiss platform with the existing operations of Flagstone Reassurance Suisse that were inherited when it acquired its fellow class of 2005 (re)insurer last year.
  • Lightyear Capital and the other shareholders of improving Lloyd's business Antares are about to put the business up for sale, The Insurance Insider can reveal.
  • Axa Liabilities Managers (Axa LM) confirmed this morning (30 September) it has acquired the international subsidiaries of German run-off reinsurer Global Re, together with its estimated gross reserves of circa $400mn
  • Shares in Tower Group have plunged 15.9 percent to $6.87 in trading today taking the ailing US insurer's market capitalisation below the $400mn mark.
  • Cooper Gay Swett & Crawford (CGSC), the ambitious global wholesaler backed by Lightyear Capital, said its 2012 revenues were "steady" and reported a small rise in fees and commissions to $348mn for the year ended 31 December 2012.