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  • Independent (re)insurance broker BMS Associates has appointed former Brit chief Dane Douetil as successor to the departed CEO Carl Beardmore
  • Amlin plc today (19 August) rounded off the Lloyd's insurers' half-year results season with news of a 12 percent fall in its interim profit, reflecting higher catastrophe losses and weaker investment returns.
  • Meadowbrook Insurance Group could be forced to immediately repay $45.5mn of outstanding loans after it violated debt covenant agreements following the goodwill impairment charge it reported in its delayed second quarter financials.
  • Argo Group's excess and surplus lines (E&S) president Lou Levinson has resigned from the Bermudian (re)insurer, The Insurance Insider has learned.
  • Private equity behemoth Blackstone is in talks to buy the up-for-sale majority stake in Goldman Sachs UK subsidiary Rothesay Life valued at between £800mn-£900mn, The Insurance Insider understands.
  • New Zealand has been hit by an earthquake measuring 6.6 on the Richter scale in the second tremor to affect the country in a month, with no serious damage reported so far
  • Third Point Re enjoyed a solid first day of trading on the New York Stock Exchange yesterday (15 August) after floating at the bottom end of the $12.50-$14.50 range it set for its initial public offering last week.
  • The Iowa Insurance Commissioner has granted conditional approval to buyout firm Apollo's $1.8bn takeover of British insurer Aviva's US operations, removing the biggest regulatory obstacle to the deal.
  • American International Group (AIG) is offering limits of up to $100mn per risk for Side A directors and officers (D&O) liability insurance which it says will allow buyers to create more efficient coverage by reducing the number of markets on towers.
  • QBE has extended its UK solicitors' professional indemnity (PI) cover to include the riskier 1-3 partner firms, following the news that market leader XL would significantly reduce its exposure